Potential impact of load curtailment on the day-ahead Iberian market : a preliminary analysis

Rodrigues, Francisco; Algarvio, Hugo; Lopes, Fernando; Pronto, Anabela; Santana, João

http://hdl.handle.net/10400.9/3249

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Authors

Rodrigues, Francisco

Algarvio, Hugo

Lopes, Fernando

Pronto, Anabela

Santana, João

Abstract(s)

ABSTRACT: Demand response (DR) in electricity markets may offer a variety of financial and operational benefits. Typically, customers respond to DR events by adopting curtailment and shifting strategies. This article focuses on the former strategy and assumes that consumers are encouraged to avoid consuming electricity during specific hours of a 24 h day, because the energy price is above a given threshold. It presents a study on the Iberian market, conducted with the help of an agent-based simulation tool, called MATREM. The results are very favorable to the adoption of the load curtailment strategy (as a consequence of the enrollment in different DR programs).

Keywords

Electricity markets MATREM system MIBEL Portugal Spain

URI

http://hdl.handle.net/10400.9/3249

Citation

Rodrigues, Francisco... [et.al.] - Potential impact of load curtailment on the day-ahead Iberian market : a preliminary analysis. In: De La Prieta F. et al. (eds) Highlights of Practical Applications of Survivable Agents and Multi-Agent Systems. The PAAMS Collection. PAAMS 2019. Communications in Computer and Information Science, 2019, Vol 1047, p. 211-218