Abstract
PROGRAMME
The focus of the seminar is the economics of the integration of the aggregated load response in the markets. In a context of increasing variable renewables productions in electricity systems, there is a particular interest to understand how the demand response across the role of aggregators and innovative retail pricings, could participate to the markets.
15h30 Registration
16h00 Welcome of Participants and Introduction by Dominique Finon (Scientific Counsellor, CEEM and CIRED-CNRS)
16h05 – 17h15
Rudi Hakvoort, Professor, Faculty of Technology, Policy and Management, Technical University Delft (NL)
How the Demand Response Could Be Integrated in Energy Markets?
Presentation
There is an increasing recognition of consumer behavior and the provision of DR (demand response) in the market designs. The aggregation of small loads as a DR flexibility resource allows end-users to participate in electricity markets and aid in maintaining dynamic system stability. An analysis of a balancing mechanism illustrates that DR is undermined by three mechanism design aspects: minimum bidding volume, minimum bid duration and binding up and down bids. We also examine under which market conditions a viable business model can be developed for an independent demand response aggregator in the European power markets. (Presentation of research works of TU Delft).
17h15-18h30
Cédric Clastres, (Assistant Professor at PACTE-EDDEN laboratory- Université Grenoble-Alpes, and CEEM Associate Researcher) and Patrice Geoffron (Professor of Economics, Director of CGEMP, CEEM, Université Paris-Dauphine).
Economic Analysis of the Decentralised Demand-Response Products in Active Distribution Grids?
Presentation
We study the integration of DR programs based on different pricing schemes (buying the baseline or second best pricing). We analyse the relationships between actors — Generators, suppliers, DR providers, consumers – with revenue function combining purchases and sales of electricity. We study socil efficiency improvement: to reduce peak demand, buying the baseline or second best pricing have the same impact; only allocations of revenues differ.
