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Reference Number EP/S003088/1
Title AGILE - Aggregators as diGital Intermediaries in Local Electricity markets: EPSRC/ESC Follow on Funding
Status Completed
Energy Categories OTHER CROSS-CUTTING TECHNOLOGIES or RESEARCH(Energy Models) 25%;
OTHER POWER and STORAGE TECHNOLOGIES(Electricity transmission and distribution) 25%;
OTHER CROSS-CUTTING TECHNOLOGIES or RESEARCH(Environmental, social and economic impacts) 25%;
OTHER CROSS-CUTTING TECHNOLOGIES or RESEARCH(Energy Economics) 25%;
Research Types Basic and strategic applied research 100%
Science and Technology Fields SOCIAL SCIENCES (Business and Management Studies) 50%;
ENGINEERING AND TECHNOLOGY (Electrical and Electronic Engineering) 50%;
UKERC Cross Cutting Characterisation Not Cross-cutting 50%;
Systems Analysis related to energy R&D (Energy modelling) 25%;
Sociological economical and environmental impact of energy (Other sociological economical and environmental impact of energy) 25%;
Principal Investigator Dr LE Varga
No email address given
School of Management
Cranfield University
Award Type Standard
Funding Source EPSRC
Start Date 01 December 2018
End Date 31 May 2021
Duration 30 months
Total Grant Value £719,499
Industrial Sectors Energy
Region East of England
Programme Energy : Energy
 
Investigators Principal Investigator Dr LE Varga , School of Management, Cranfield University (99.995%)
  Other Investigator Dr S (Stuart ) Galloway , Electronic and Electrical Engineering, University of Strathclyde (0.001%)
Dr J Irvine , Electronic and Electrical Engineering, University of Strathclyde (0.001%)
Professor J Clarkson , Engineering, University of Cambridge (0.001%)
Dr Y Hu , School of Management, Cranfield University (0.001%)
Professor DW Bunn , Management Science and Operations, London Business School (0.001%)
  Industrial Collaborator Project Contact , Scottish Power Ltd (0.000%)
Project Contact , Ofgem (0.000%)
Project Contact , National Grid plc (0.000%)
Project Contact , IBM United Kingdom Ltd (0.000%)
Project Contact , UK Power Networks (0.000%)
Project Contact , ELEXON Ltd (0.000%)
Project Contact , Electron (0.000%)
Project Contact , SunContrract, Slovenia (0.000%)
Web Site
Objectives
Abstract There has been a huge investment in micro generation from both customers and small scale providers, particularly in residential PV. Individual participation of these assets (offers to buy/sell/store energy) by micro/domestic scale agents in local, distributed electricity markets is currently a significant business and technological challenge in the UK's large-scale energy systems. A solution to enable energy trading between small scale generators and consumers that provides a compelling business case for storage and further penetration of embedded renewables is essential.New aggregators, that is, new market players who are highly adaptable in terms of dynamically organising Distributed Energy Resources (DERs), are emerging to provide a retail service to distributed groups of customers who could not manage to act in the energy market on their own. These aggregators would deal with requirements of the wider energy system by utilising diverse and multiple low carbon and renewable technologies for generation and storage to provide local/micro-grid solutions. However, there are significant barriers to the emergence of such entities which can be overcome by adoption of contemporary digital technologies.Our AGILE proposal sets out an integrated digital solution which can deliver suitable mechanisms to allow aggregators to offer the wider energy market bundled DER services of particular duration and value. To allow this, the preferences and descriptions of DERs, which form smart, micro contracts, will be articulated using an agent based model. Bids and offers will be enabled through integration with Distributed Ledger Technologies (DLTs) which will provide a trustworthy implementation of the scheme through a distributed database trusted by all agents. AGILE will examine the synergies between several permissioned, public, and hybrid DLTs as there are key questions about which type of ledger and related services is best for this elastic aggregator approach.An optimisation model will recommend particular configurations of DERs satisfying several portfolio optimisation strategies (financial, environmental and social welfare). The validation of preferred configurations of DERs is an essential step to ensure the feasibility of DER incorporation and a digitised, stylised IEEE network will be integrated into the digital solution to achieve this. Validation using a range of realistic network topologies will be performed to evaluate the effect on aggregator business models.
Publications (none)
Final Report (none)
Added to Database 07/01/19