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Name:
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Innovative CONsumer aggregation to improve demand response and Tariff design for Energy and Services Transactions
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Description:
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CONTEST explores business models and market structures for intensive and efficient use of distributed energy resources in local energy communities, considering the interaction with current and future wholesale markets. The project also creates a service oriented view to enable small players’ engagement in the envisioned transactive energy market environment. Aggregation of consumers and of energy resources are addressed as enablers for the participation in local transactions, and indirectly in wholesale markets. Demand response and the active contribution of consumers are incentivized, namely through innovative adequate tariff and remuneration schemes. An existing hybrid simulation platform combining multi-agent technology with physical emulation will be extended to integrate the project achievements, enabling the realistic test and validation of the project results also assessing their contribution to increased smart grid efficiency and lower pollutant emissions and energy costs.CONTEST explores business models and market structures for intensive and efficient use of distributed energy resources in local energy communities, considering the interaction with current and future wholesale markets. The project also creates a service oriented view to enable small players’ engagement in the envisioned transactive energy market environment. Aggregation of consumers and of energy resources are addressed as enablers for the participation in local transactions, and indirectly in wholesale markets. Demand response and the active contribution of consumers are incentivized, namely through innovative adequate tariff and remuneration schemes. An existing hybrid simulation platform combining multi-agent technology with physical emulation will be extended to integrate the project achievements, enabling the realistic test and validation of the project results also assessing their contribution to increased smart grid efficiency and lower pollutant emissions and energy costs.
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