@conference{Wis2012,
Author = {Wissing, Carsten and Appelrath, H.-Jürgen},
Title = {Using automated market analysis for optimized economic operation of DER in Virtual Power Plants},

Year = {2012},
Month = {05},
Organization = {European University Institute},
type = {conference},
note = {The German market for control reserve is subject
of large changes. The German Transmission System Operators
(TSO) cover their need for control reserve via a common
tendering procedure. The German Federal Network Agency
(Bundesnetzagentur) made changes},
Abstract = {The German market for control reserve is subject
of large changes. The German Transmission System Operators
(TSO) cover their need for control reserve via a common
tendering procedure. The German Federal Network Agency
(Bundesnetzagentur) made changes to the market design, that
enables Virtual Power Plants (VPP) to participate in the control
reserve market with an dynamic pool of assets, that may swap
its assets within the pool every 15 minutes. Especially the minute
reserve market with its four hour slots is aimed at by new
market participants. To assist the (competitive) bid strategy of
a VPP operator, a tool was build up as a prototype to fetch
historical market data of the bidding, the outcome and the
activation of the control reserve. Using the typical process of
extracting, transforming and loading data from several sources
to a database system several important hints for an optimized
bidding could be extracted from the control reserve market. Due
to the market data analysis the historic release order frequency
can be estimated by a given price per kWh. The reverse process
enables to estimate a price per kWh for the bidding, that would
have lead to the targeted activation hours. With this tool a VPP
operator is able to optimize his bidding strategy due to historic
market development for his energy assets within a VPP. The
focus of the work presented here were assets used as backup
power supply that are being used within the minute reserve
market. The future work will concentrate on the participation
of cogeneration plants within the control reserve market. While
the backup power supply system aims at positive minute reserve
products, cogeneration plants (CHP: combined heat and power
plant) aim at negative minute reserve products. The combination
of both will be the topic of future investigations. In this work we
present both the approach and the tool chain presenting example
data for the German control reserve market.}
}
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