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Market Response for Real-Time Energy Balancing with Fuzzy Logic

 
: Röben, F.; Meissner, A.C.

:

Institute of Electrical and Electronics Engineers -IEEE-; Institute of Electrical and Electronics Engineers -IEEE-, Power & Energy Society -PES-:
17th International Conference on the European Energy Market, EEM 2020 : 16-18 September 2019, Stockholm, Sweden, Online conference
Piscataway, NJ: IEEE, 2020
ISBN: 978-1-7281-6919-4
ISBN: 978-1-7281-6920-0
S.7-12
International Conference on the European Energy Market (EEM) <17, 2020, Online>
Englisch
Konferenzbeitrag
Fraunhofer ISIT ()

Abstract
Market response for real-time energy balancing is a promising tool for power balancing: Smart Balancing. Transparency about the balance and imbalance price in the control area incentivizes market response. Market participants benefit from real-time business cases in addition to energy and balancing products. Fuzzy logic is introduced to optimize revenues for market participants with minimal risk. Market response (with fuzzy logic) is simulated with marginal vs. pay-as-bid clearing mechanisms and single vs. dual imbalance pricing. Single imbalance pricing can lead to overcompensation. This requires an additional rule to meet the Smart Balancing definition. Smart Balancing is present with a combination of single and dual pricing.

: http://publica.fraunhofer.de/dokumente/N-639432.html