The increased contribution of renewable energy sources to energy production has led to increased variability and lower levels of controlability of energy generation. On the hand, the electrification of transportation and heating systems and their integration to smart energy grids allows for higher levels of demand-side flexibility, which can play a key role in achieving the desired balance of such grids. To this end, Horizon Europe project RESONANCE aims to facilitate the management of flexibility at a large scale by developing and testing in pilots its own software architecture.
In the first part of this talk, I will overview the technical approach of project RESONANCE, with emphasis on the use of incentives for provision of flexibility by consumers. In the second part (*), I will present a model where a population of consumers has to collectively achieve a particular total volume of flexibility but the contribution of each consumer to this target is not directly measurable. This case is modeled as the formation of the public good; the analysis reveals that offering the proper incentives to users can have a considerable positive effect in reaching the flexibility target.
(*) Joint work with Thanasis Papaioannou (Professor at National Kapodistrian University of Athens – Research Associate of STEcon-AUEB group).
Bio :
George D. Stamoulis is a Professor in the Department of Informatics, of Athens University of Economics and Business (AUEB), and Head of the Services, Technologies and Economics (STEcon – http://stecon.cs.aueb.gr/) research group.
He received the Diploma in Electrical Engineering (1987, with highest honors) from the National Technical University of Athens, Greece, and the MS (1988) and PhD (1991) degrees in Electrical Engineering from the Massachusetts Institute of Technology, Cambridge, Massachusetts, USA. His research interests are in economic and business models for networks, clouds, smart energy grids and blockchain environments, demand response and flexibility management in smart energy grids, telecommunications and power regulation, auction mechanisms for scarce goods, and reputation mechanisms for electronic environments. He has coordinated the participation of the STEcon Group of AUEB in several successful FP7, H2020 and Horizon Europe projects, including 6 projects in progress in the areas of smart grids, blockchains and 5G/6G telecoms. He has published over 100 articles in high-quality scientific journals (IEEE Transactions on Control of Networked Systems, IEEE/ACM Transactions on Networks, IEEE Transactions on Communications, Computer Networks, Journal of the ACM etc.) and in top scientific conferences (such as INFOCOM, ITC, ACM SIGMETRICS, CCGRID, e- Energy, SmartGridComm.) He has also collaborated with Greek Regulatory Authorities for Telecoms and Power on auction design and other regulatory issues and with Greek telecom companies on service pricing, data analysis etc.