Distributed coordination of deferrable loads: A real-time market with self-fulfilling forecasts

Abdelghany, Hazem A.; Tindemans, Simon H.; Weerdt, Mathijs de; Poutré, Han La

doi:10.1016/j.segan.2020.100364

“…This section aims to illustrate the basic features of F-MBC scheme described in [9], which will aid in better understanding of the extensions made to it. The main aim of F-MBC mechanism is to steer population(s) of self-dispatching flexible loads towards overall cost-minimization by utilizing "selffulfilling" price forecasts, which are probabilistic in nature.…”

Section: Overview Of the F-mbc Schemementioning

confidence: 99%

“…Among such market-based approaches, iterative/negotiation-based approaches are challenged by poor convergence times, especially with huge prosumer participation as seen in [7], [8]. Real-time Market Based Control (RTMBC) combines the advantages of both centralized and decentralized methods of decision making [9]. Agents submit their bid/offer functions based on local objectives and constraints.…”

Section: Introductionmentioning

confidence: 99%

“…Agents submit their bid/offer functions based on local objectives and constraints. Allocation is determined via centralized market clearing in real-time [9]. However, these mechanisms perform poorly when used to coordinate uninterruptible loads.…”

Section: Introductionmentioning

confidence: 99%

“…To address all these points of concern, Forecast Mediated Market Based Control (F-MBC) was developed in [9], which aims to achieve cost-minimizing coordination by utilizing "self-fulfilling forecasts". The proposed scheme relies on a facilitator that broadcasts probabilistic price forecasts that correspond to a cost-optimal scenario over a scheduling horizon.…”

Section: Introductionmentioning

confidence: 99%

“…• Extending the facilitating agent described in [9] to generate reference prices for multiple populations of deferrable devices.…”

Section: Introductionmentioning

confidence: 99%

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Increasing participation of prosumers in the electricity grid calls for efficient operational strategies for utilizing the flexibility offered by Distributed Energy Resources (DER) to match supply and demand. This paper investigates the coordination performance of a recently proposed coordination scheme for deferrable loads: Forecast Mediated Market Based Control (F-MBC). Enhancements are made to the simulation setup to enable an analysis of performance in realistic scenarios, with heterogeneous loads and an open-ended simulation horizon. Operational scenarios were formulated to showcase the ability of F-MBC to schedule heterogeneous populations of deferrable loads with dynamic load profiles, supported by a mix of renewable and flexible generation. Availability patterns of devices were generated to take into account varying user preferences. Simulation results indicate that F-MBC was able to achieve good distributed scheduling performance for devices with a high initial power consumption. However, performance for devices with low initial power consumption has been found to be less satisfactory. Several directions for further improvement of the F-MBC scheme and its applications are identified.

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Coordination of Heterogeneous Deferrable Loads using the F-MBC Mechanism

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Increasing participation of prosumers in the electricity grid calls for efficient operational strategies for utilizing the flexibility offered by Distributed Energy Resources (DER) to match supply and demand. This paper investigates the coordination performance of a recently proposed coordination scheme for deferrable loads: Forecast Mediated Market Based Control (F-MBC). Enhancements are made to the simulation setup to enable an analysis of performance in realistic scenarios, with heterogeneous loads and an open-ended simulation horizon. Operational scenarios were formulated to showcase the ability of F-MBC to schedule heterogeneous populations of deferrable loads with dynamic load profiles, supported by a mix of renewable and flexible generation. Availability patterns of devices were generated to take into account varying user preferences. Simulation results indicate that F-MBC was able to achieve good distributed scheduling performance for devices with a high initial power consumption. However, performance for devices with low initial power consumption has been found to be less satisfactory. Several directions for further improvement of the F-MBC scheme and its applications are identified.

show abstract

Distributed coordination of deferrable loads: A real-time market with self-fulfilling forecasts

Cited by 3 publications

References 16 publications

Coordination of Heterogeneous Deferrable Loads using the F-MBC Mechanism

Coordination of Heterogeneous Deferrable Loads using the F-MBC Mechanism

Analysis of the key design features of low-power turbines for electricity generation

Coordination of Heterogeneous Deferrable Loads using the F-MBC Mechanism

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