LAPSE:2023.13595
Published Article
LAPSE:2023.13595
A Profitability Analysis for an Aggregator in the Ancillary Services Market: An Italian Case Study
Carmine Cancro, Camelia Delcea, Salvatore Fabozzi, Gabriella Ferruzzi, Giorgio Graditi, Valeria Palladino, Maria Valenti
March 1, 2023
Abstract
The integration of renewable energy sources into the energy system requires both new investment in network infrastructures, and the introduction of new models of energy management. In this framework, new structures of collaborations were born: the aggregator is one of them. It involves grouping different players of the power system, acting, however, as a single entity both when it participates in the electricity markets and sells services to the operator. In this work, a new methodology to determine the optimal revenue of a Unità Virtuali Abilitate Miste (UVAM), which is an Italian virtual energy unit managed by an aggregator, is proposed. The methodology is articulated in several steps, the core of which is represented by the two models: (1) a cost−benefit analysis in order to identify the main costs/benefits that impact on the UVAM’ revenues; and (2) a decision-making model based on the sensitive analysis to capture the optimal interaction between users and aggregator. The results show how, on varying the parameter costs depending on the aggregator-users’ strategy, it is possible to obtain different optimal “working-points”. Finally, the analysis identifies two main cost factors that impact on the optimal revenue: the Energy Management Platform and the Communication costs, confirming the importance of these parameters in the general economy of UVAM.
Keywords
aggregator, ancillary services market, energy management model, virtual energy units
Suggested Citation
Cancro C, Delcea C, Fabozzi S, Ferruzzi G, Graditi G, Palladino V, Valenti M. A Profitability Analysis for an Aggregator in the Ancillary Services Market: An Italian Case Study. (2023). LAPSE:2023.13595
Author Affiliations
Cancro C: ENEA, Italian National Agency for New Technologies, Energy and Sustainable Economic Development, 00123 Rome, Italy
Delcea C: Department of Economic Informatics and Cybernetics, Bucharest University of Economic Studies, 010374 Bucharest, Romania [ORCID]
Fabozzi S: ENEA, Italian National Agency for New Technologies, Energy and Sustainable Economic Development, 00123 Rome, Italy [ORCID]
Ferruzzi G: ENEA, Italian National Agency for New Technologies, Energy and Sustainable Economic Development, 00123 Rome, Italy
Graditi G: ENEA, Italian National Agency for New Technologies, Energy and Sustainable Economic Development, 00123 Rome, Italy
Palladino V: ENEA, Italian National Agency for New Technologies, Energy and Sustainable Economic Development, 00123 Rome, Italy
Valenti M: ENEA, Italian National Agency for New Technologies, Energy and Sustainable Economic Development, 00123 Rome, Italy
Journal Name
Energies
Volume
15
Issue
9
First Page
3238
Year
2022
Publication Date
2022-04-28
ISSN
1996-1073
Version Comments
Original Submission
Other Meta
PII: en15093238, Publication Type: Journal Article
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LAPSE:2023.13595
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https://doi.org/10.3390/en15093238
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