| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 764479 | Energy Conversion and Management | 2011 | 7 Pages |
Demand response resources management is one of the most investigated solutions oriented to improve the efficiency in electricity markets. In this paper, the capability of customers to participate in short term markets is analyzed. An available methodology to analyze the daily and monthly energy consumptions of large customers is used to create energy offers and bids. This allows customers to participate in energy markets in order to buy, as first step, the usual electricity consumption and, additionally, to offer demand reductions in the short term electricity markets. Additionally, this paper shows the customer potential to participate in the Spanish electricity markets.
► Benefits from customer active participation can be obtained with a proper generation of bids and offers. ► Simulation of Spanish customers’ participation is shown in daily, intra-daily and balancing markets. ► Market efficiency and economics profits arise in balancing markets by using customer load reductions. ► Real market prices and real customers’ consumptions profiles are used in the simulations.
