LAPSE:2023.24610
Published Article
LAPSE:2023.24610
Constrained Generation Bids in Local Electricity Markets: A Semantic Approach
March 28, 2023
Abstract
The worldwide investment in renewable energy sources is leading to the formation of local energy communities in which users can trade electric energy locally. Regulations and the required enablers for effective transactions in this new context are currently being designed. Hence, the development of software tools to support local transactions is still at an early stage and faces the challenge of constant updates to the data models and business rules. The present paper proposes a novel approach for the development of software tools to solve auction-based local electricity markets, considering the special needs of local energy communities. The proposed approach considers constrained bids that can increase the effectiveness of distributed generation use. The proposed method takes advantage of semantic web technologies, in order to provide models with the required dynamism to overcome the issues related to the constant changes in data and business models. Using such techniques allows the system to be agnostic to the data model and business rules. The proposed solution includes the proposed constraints, application ontology, and semantic rule templates. The paper includes a case study based on real data that illustrates the advantages of using the proposed solution in a community with 27 consumers.
Keywords
constrained bid, local electricity market, semantic rules, semantic web technologies
Suggested Citation
Santos G, Faria P, Vale Z, Pinto T, Corchado JM. Constrained Generation Bids in Local Electricity Markets: A Semantic Approach. (2023). LAPSE:2023.24610
Author Affiliations
Santos G: GECAD—Research Group on Intelligent Engineering and Computing for Advanced Innovation and Development, Rua DR. António Bernardino de Almeida, 431, 4200-072 Porto, Portugal; Polytechnic of Porto, Rua Dr. António Bernardino de Almeida, 431, 4200-072 Por [ORCID]
Faria P: GECAD—Research Group on Intelligent Engineering and Computing for Advanced Innovation and Development, Rua DR. António Bernardino de Almeida, 431, 4200-072 Porto, Portugal; Polytechnic of Porto, Rua Dr. António Bernardino de Almeida, 431, 4200-072 Por [ORCID]
Vale Z: Polytechnic of Porto, Rua Dr. António Bernardino de Almeida, 431, 4200-072 Porto, Portugal [ORCID]
Pinto T: GECAD—Research Group on Intelligent Engineering and Computing for Advanced Innovation and Development, Rua DR. António Bernardino de Almeida, 431, 4200-072 Porto, Portugal; Polytechnic of Porto, Rua Dr. António Bernardino de Almeida, 431, 4200-072 Por [ORCID]
Corchado JM: BISITE Research Group, University of Salamanca, Edificio Multiusos I+D+I: Calle Espejo s/n, 37007 Salamanca, Spain [ORCID]
Journal Name
Energies
Volume
13
Issue
15
Article Number
E3990
Year
2020
Publication Date
2020-08-02
ISSN
1996-1073
Version Comments
Original Submission
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PII: en13153990, Publication Type: Journal Article
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LAPSE:2023.24610
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https://doi.org/10.3390/en13153990
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