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Analysis of the Effects of Storage Capabilities Integration on Balancing Mechanisms in Agent-Based Smart Grids

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Multiagent System Technologies (MATES 2016)

Part of the book series: Lecture Notes in Computer Science ((LNAI,volume 9872))

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Abstract

Due to new energy transition policies fossil- and partially also nuclear based power production has been replaced by usually much more volatile renewable energy production. Volatility here means that it is substantially more difficult to keep energy production and consumption in balance. Such a challenge can be tackled by seamlessly integrating modern power storage technologies, such as batteries. This paper focuses on the role of battery storage providers to reveal their profitability and balancing potentials from the perspective of all parties, involved in the balancing process. Batteries are managed by broker agents, which are analyzed in the PowerTAC marketplace simulation environment. We first describe the Vickrey–Clarke–Groves auction mechanism to demonstrate how its pricing mechanism provides incentives for participants. Afterwards, we analyze the trading behaviors of different balancing settings to benchmark profitability levels of battery storage providers. We employ a broker agent for each setting so that variants publish a battery storage tariff with different up-regulation and down-regulation prices. The results show that battery storage providers provide extra profit for brokers if exploited strategically in the balancing market. Additionally, they help stabilizing the grid with up and down regulations.

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Notes

  1. 1.

    PowerTAC Log Analysis, https://bitbucket.org/markuspeters/pla (13.05.2016).

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Authors and Affiliations

  1. DAWIS, University of Duisburg-Essen, Schützenbahn 70, 45127, Essen, Germany

    Serkan Özdemir & Rainer Unland

  2. RSM, Erasmus University Rotterdam, Rotterdam, Netherlands

    Wolfgang Ketter

Authors
  1. Serkan Özdemir
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  2. Rainer Unland
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  3. Wolfgang Ketter
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Corresponding author

Correspondence to Serkan Özdemir .

Editor information

Editors and Affiliations

  1. DFKI , Saarbrücken, Germany

    Matthias Klusch

  2. Institute for Computer Science &, University of Duisburg-Essen Institute for Computer Science &, Essen, Nordrhein-Westfalen, Germany

    Rainer Unland

  3. IBM Haifa Research Lab , Haifa, Israel

    Onn Shehory

  4. University of Hamburg VSIS, Hamburg, Hamburg, Germany

    Alexander Pokahr

  5. Distributed Artificial Intelligence, Technical University of Berlin Distributed Artificial Intelligence, Berlin, Berlin, Germany

    Sebastian Ahrndt

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Özdemir, S., Unland, R., Ketter, W. (2016). Analysis of the Effects of Storage Capabilities Integration on Balancing Mechanisms in Agent-Based Smart Grids. In: Klusch, M., Unland, R., Shehory, O., Pokahr, A., Ahrndt, S. (eds) Multiagent System Technologies. MATES 2016. Lecture Notes in Computer Science(), vol 9872. Springer, Cham. https://doi.org/10.1007/978-3-319-45889-2_16

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  • DOI: https://doi.org/10.1007/978-3-319-45889-2_16

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  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-319-45888-5

  • Online ISBN: 978-3-319-45889-2

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