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Laurens de Vries

Publications and source records attributed to Laurens de Vries.

3 recordsLinked to original sources

On the Smart Coordination of Flexibility Scheduling in Multi-carrier Integrated Energy Systems

Coordinating the interactions between flexibility assets in multi-carrier integrated energy systems (MIES) can lead to an efficient integration of variable renewable energy resources, and a cost-efficient energy transition. However, the proliferation of flexibility assets and their participation in active demand response increases the complexity of coordinating these interactions. This paper introduces different approaches to model the coordination of flexibility scheduling in MIES. We propose a market auction-inspired model coupling approach to address the challenges of preserving the autonomy and privacy of flexibility providers, and the issue of scalability. We benchmark our approach against co-optimization and an iterative price-response method by conducting experiments with varying problem sizes and computing infrastructure. We show that our approach scales well and is suitable for modeling flexibility in large-scale energy systems in a more realistic way. From an optimality standpoint, the flexibility dispatch schedules and electricity prices are ``near-optimal". Our methodology is implemented as a new open-source software, which offers several practical applications. For example, flexibility providers and network operators can couple their models to simulate the interaction between their systems without disclosing confidential information; policy regulators can use it to investigate new market design and regulations to optimize the utilization of flexibility in MIES.

eess.SY↗

Generating EUPHEMIA-compatible bids for flexible demand under imperfect information

Electricity procurement constitutes a significant share of operational costs for large electricity consumers, and thus exposure to extreme prices poses a substantial financial risk. This paper proposes a method to generate EUPHEMIA-compatible bids for flexible demand to enable their participation in the European day-ahead electricity market while minimizing risks. Two strategies are considered, resulting in two bid formats: hourly bids (HBs), representing flexibility via marginal price responsiveness through price-quantity pairs, and exclusive-group bids (EBs), representing flexibility via mutually exclusive operational schedules submitted at opportunity cost. Our method is evaluated on a hypothetical electrolyzer system and a real-world steel plant under different market conditions. Results show that the economic performance of each strategy depends on the operational characteristics of the load and market conditions. Under volatile market conditions, highly flexible systems achieve better economic outcomes with EBs, while less flexible systems with stronger intertemporal constraints perform better with HBs.

econ.TH↗

Coupling Europe's Capacity Markets

European Member States are increasingly introducing national capacity mechanisms (CMs) to manage growing adequacy risks. However, isolated national CMs are inefficient in highly interconnected electricity systems, such as the European system. While progress has been made in facilitating cross-border participation by generation capacity in CMs, existing arrangements are prone to under- or over-investment and do not properly value the contribution of interconnection capacity to Member States' adequacy targets. In this paper, we propose a novel conceptual design for a coupled European capacity market that utilises the logic of flow-based market coupling. In a comparative analysis of different market design scenarios in an illustrative multi-zone case study, using a bespoke long-run equilibrium problem, we show that the proposed flow-based coupling of capacity markets reduces system costs by harnessing available capacity in neighbouring market zones while ensuring deliverability with respect to network constraints in all scarcity situations.

eess.SY↗