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FlexAnalytics SIGNED

Advanced Analytics to Empower the Small Flexible Consumers of Electricity

Total Cost €

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EC-Contrib. €

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Partnership

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Project "FlexAnalytics" data sheet

The following table provides information about the project.

Coordinator
UNIVERSIDAD DE MALAGA 

Organization address
address: AVDA CERVANTES, NUM. 2
city: MALAGA
postcode: 29016
website: www.uma.es

contact info
title: n.a.
name: n.a.
surname: n.a.
function: n.a.
email: n.a.
telephone: n.a.
fax: n.a.

 Coordinator Country Spain [ES]
 Total cost 1˙203˙125 €
 EC max contribution 1˙203˙125 € (100%)
 Programme 1. H2020-EU.1.1. (EXCELLENT SCIENCE - European Research Council (ERC))
 Code Call ERC-2017-STG
 Funding Scheme ERC-STG
 Starting year 2018
 Duration (year-month-day) from 2018-02-01   to  2023-01-31

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    UNIVERSIDAD DE MALAGA ES (MALAGA) coordinator 1˙203˙125.00

Map

 Project objective

David against Goliath: Could small consumers of electricity compete in the wholesale markets on equal footing with the other market agents? Yes, they can and FlexAnalytics will show how.

Activating the demand response, although a major challenge, may also bring tremendous benefits to society, with potential cost savings in the billions of euros. This project will exploit methods of inverse problems, multi-level programming and machine learning to develop a pioneering system that enables the active participation of a group of price-responsive consumers of electricity in the wholesale electricity markets. Through this, they will be able to make the most out of their flexible consumption. FlexAnalytics proposes a generalized scheme for so-called inverse optimization that materializes into a novel data-driven approach to the market bidding problem that, unlike existing approaches, combines the tasks of forecasting, model formulation and estimation, and decision-making in an original unified theoretical framework. The project will also address big-data challenges, as the proposed system will leverage weather, market, and demand information to capture the many factors that may affect the price-response of a pool of flexible consumers. On a fundamental level, FlexAnalytics will produce a novel mathematical framework for data-driven decision making. On a practical level, FlexAnalytics will show that this framework can facilitate the best use of a large amount and a wide variety of data to efficiently operate the sustainable energy systems of the future.

 Publications

year authors and title journal last update
List of publications.
2019 Vladimir Dvorkin, Stefanos Delikaraoglou, Juan M. Morales
Setting Reserve Requirements to Approximate the Efficiency of the Stochastic Dispatch
published pages: 1524-1536, ISSN: 0885-8950, DOI: 10.1109/tpwrs.2018.2878723
IEEE Transactions on Power Systems 34/2 2019-11-20
2019 Salvador Pineda, Juan Miguel Morales
Solving Linear Bilevel Problems Using Big-Ms: Not All That Glitters Is Gold
published pages: 2469-2471, ISSN: 0885-8950, DOI: 10.1109/tpwrs.2019.2892607
IEEE Transactions on Power Systems 34/3 2019-11-20
2019 Salvador Pineda, Ricardo Fernandez-Blanco, Juan Miguel Morales
Time-Adaptive Unit Commitment
published pages: 3869-3878, ISSN: 0885-8950, DOI: 10.1109/tpwrs.2019.2903486
IEEE Transactions on Power Systems 34/5 2019-11-20
2019 Nicolo Mazzi, Alessio Trivella, Juan M. Morales
Enabling Active/Passive Electricity Trading in Dual-Price Balancing Markets
published pages: 1980-1990, ISSN: 0885-8950, DOI: 10.1109/tpwrs.2018.2888937
IEEE Transactions on Power Systems 34/3 2019-11-20
2019 Christos Ordoudis, Pierre Pinson, Juan M. Morales
An Integrated Market for Electricity and Natural Gas Systems with Stochastic Power Producers
published pages: 642-654, ISSN: 0377-2217, DOI: 10.1016/j.ejor.2018.06.036
European Journal of Operational Research 272/2 2019-11-20
2019 Giulia De Zotti, S. Ali Pourmousavi, Juan M. Morales, Henrik Madsen, Niels Kjolstad Poulsen
Consumers’ Flexibility Estimation at the TSO Level for Balancing Services
published pages: 1918-1930, ISSN: 0885-8950, DOI: 10.1109/tpwrs.2018.2885933
IEEE Transactions on Power Systems 34/3 2019-11-20

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The information about "FLEXANALYTICS" are provided by the European Opendata Portal: CORDIS opendata.

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