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Title: Techno-economic assessment of flexible demand
Author: Good, Nicholas Paul
Awarding Body: University of Manchester
Current Institution: University of Manchester
Date of Award: 2015
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Over recent years, political, technological, environmental and economic factors have combined to increase interest in distributed energy resources (DER), and flexibility in the power system. As a resource which is both distributed and flexible, flexible demand (FD) can be considered to be particularly of interest. However, due to many facets of its nature, understanding the available flexibility, and potential value of that flexibility, is difficult. Further, understanding the effects of FD exploitation on other multi-energy system actors, given the complex nature of modern liberalised energy systems, complicates the picture further. These factors form material obstructions to the assessment of FD, for example, for the construction of business cases. To address these gaps this thesis first assesses the nature and value of various applicable current and potential markets and charging/incentive regimes, before detailing a novel multi-energy domestic demand simulation model, capable of modelling, in detail, domestic FD resources. Subsequently, a multi-commodity stochastic energy/reserve optimisation model, capable of modelling various DERs and taking into account price signals related to various energy-related commodities and services (including user utility) is specified. The separation of price components for application at different aggregation levels, which is applied in the optimisation model, also informs the described value mapping methodology, which illustrates the impacts of any, particularly demand-side, intervention on the wider multi-energy system. The power of the above detailed contributions are demonstrated through various studies, which show the physical and economic impact of various demand side interventions and of greater market participation by FD resources.
Supervisor: Not available Sponsor: EON New Build and Technology
Qualification Name: Thesis (Ph.D.) Qualification Level: Doctoral
EThOS ID:  DOI: Not available
Keywords: Flexible demand ; Distributed energy resources ; Business cases ; Low carbon technologies ; Stochastic optimisation ; Multi-energy ; Techno-economic assessment