A Dynamic Price Policy Method for Electricity Grids with Flexible Thermal Loads using Grey Box Model and Differential Evolution Optimization
2024 (English)In: IEEE PES Innovative Smart Grid Technologies Europe, ISGT EUROPE 2024, Institute of Electrical and Electronics Engineers (IEEE) , 2024Conference paper, Published paper (Refereed)
Abstract [en]
Power grids have become a key component in the energy transition and decarbonization of industries due to the increasing electrification of different loads, such as heating. This paper presents the overview and validation of a new method for electricity retailers or Virtual Power Plant operators to match their production portfolio dominated by Renewable Energy Resources (RES) with electrical demand of thermal loads (heat pumps) via a price control mechanism. We propose a novel three-step framework to exploit the flexibility of Thermostatically controlled loads (TCLs) by (1) simulating a pool of households, (2) estimating the governing physical parameters of the aggregated households, and (3) controlling the heat pump electric power via a dynamic price policy; for parameter estimation and price policy a Differential Evolution (DE) optimization algorithm is used. The proposed method performs well for a large number of parameters and reduced training data (errors around 0.4% and 0.55% on the average load power and standard deviation) and effectively controls the loads through a dynamic price policy that reduces the total price for the household owner or customer compared to a tariff without demand response (DR) (reduction of up to 53.63% on average per house), respecting the technical constraints of the grid.
Place, publisher, year, edition, pages
Institute of Electrical and Electronics Engineers (IEEE) , 2024.
Keywords [en]
Differential Evolution, Electricity Grids, Flexibility Services, Heat pumps, Heterogeneous loads, Implicit Demand Response, Optimization
National Category
Energy Engineering Energy Systems
Identifiers
URN: urn:nbn:se:kth:diva-361439DOI: 10.1109/ISGTEUROPE62998.2024.10863592ISI: 001451133800307Scopus ID: 2-s2.0-86000030697OAI: oai:DiVA.org:kth-361439DiVA, id: diva2:1945869
Conference
2024 IEEE PES Innovative Smart Grid Technologies Europe Conference, ISGT EUROPE 2024, Dubrovnik, Croatia, Oct 14 2024 - Oct 17 2024
Note
Part of ISBN 9789531842976
QC 20250319
2025-03-192025-03-192025-08-15Bibliographically approved