Flexibility service for balance responsible parties’ industrial customers: a day-ahead cost optimization approach using price forecasting

Electricity-intensive industries are highly impacted by electricity prices and their fluctuations. While these industries can change their consumption profiles to avoid peak price periods, they must also adhere to production schedules dictated by their unique manufacturing processes and related cons...

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Authors: Caprara, Adriano, Barja Martínez, Sara|||0000-0003-4126-8858, Aragüés Peñalba, Mònica|||0000-0002-1509-376X, Bullich Massagué, Eduard|||0000-0003-4603-1868
Format: article
Publication Date:2025
Country:España
Institution:Universitat Politècnica de Catalunya (UPC)
Repository:UPCommons. Portal del coneixement obert de la UPC
Language:English
OAI Identifier:oai:upcommons.upc.edu:2117/431132
Online Access:https://hdl.handle.net/2117/431132
https://dx.doi.org/10.1109/ACCESS.2025.3567879
Access Level:Open access
Keyword:Balance responsible party
Day-ahead market
Day-ahead optimization
Demand response
Electricity markets
Electricity price forecasting
Flexibility services
Àrees temàtiques de la UPC::Enginyeria elèctrica
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network_name_str España
repository_id_str
spelling Flexibility service for balance responsible parties’ industrial customers: a day-ahead cost optimization approach using price forecastingCaprara, AdrianoBarja Martínez, Sara|||0000-0003-4126-8858Aragüés Peñalba, Mònica|||0000-0002-1509-376XBullich Massagué, Eduard|||0000-0003-4603-1868Balance responsible partyDay-ahead marketDay-ahead optimizationDemand responseElectricity marketsElectricity price forecastingFlexibility servicesÀrees temàtiques de la UPC::Enginyeria elèctricaElectricity-intensive industries are highly impacted by electricity prices and their fluctuations. While these industries can change their consumption profiles to avoid peak price periods, they must also adhere to production schedules dictated by their unique manufacturing processes and related constraints. Balance Responsible Parties (BRPs), seek to optimize the electricity costs of their portfolio of customers and have limited access to real-time industrial flexibility. So, the concept of Daily Industrial Flexibility (DIF) is introduced as a trade-off between real-time flexibility and predetermined industrial schedules. Each factory can propose different fixed day-ahead consumption profiles to the BRP, each with a specific activation cost. In this context, this paper proposes a day-ahead flexibility service to minimize the BRP’s costs of electricity purchase on the day-ahead market, activating DIFs within the portfolio of industrial customers. A forecasting model for the electricity price is implemented and an optimization model is formulated to minimize day-ahead portfolio costs. Finally, the case study of a Catalan BRP is presented, considering DIF offers from its largest customers. Results demonstrate that the proposed approach enables accurate predictions of the BRP’s customers operation before DAM closure, successfully identifying alternative schedules to reduce portfolio costs.Mònica Aragüés-Peñalba and Eduard Bullich-Massaguébelong to the Serra Húnter Programme. Views and opinionsexpressed are however those of the author(s) only and donot necessarily reflect those of European Union. NeitherEuropean Union nor the granting authority can be heldresponsible for them.Peer ReviewedInstitute of Electrical and Electronics Engineers (IEEE)20252025-05-0720252025-06-06journal articlehttp://purl.org/coar/resource_type/c_6501VoRhttp://purl.org/coar/version/c_970fb48d4fbd8a85info:eu-repo/semantics/articleapplication/pdfhttps://hdl.handle.net/2117/431132https://dx.doi.org/10.1109/ACCESS.2025.3567879reponame:UPCommons. Portal del coneixement obert de la UPCinstname:Universitat Politècnica de Catalunya (UPC)InglésengEuropean Commission http://doi.org/10.13039/501100000780 HE 101058657 Industrial Cluster FLEXibility platform for sustainable FACTories to reduce CO2 emissions and to enable the Energy Transitionopen accesshttp://purl.org/coar/access_right/c_abf2Attribution 4.0 Internationalhttp://creativecommons.org/licenses/by/4.0/info:eu-repo/semantics/openAccessoai:upcommons.upc.edu:2117/4311322026-05-27T15:37:01Z
dc.title.none.fl_str_mv Flexibility service for balance responsible parties’ industrial customers: a day-ahead cost optimization approach using price forecasting
title Flexibility service for balance responsible parties’ industrial customers: a day-ahead cost optimization approach using price forecasting
spellingShingle Flexibility service for balance responsible parties’ industrial customers: a day-ahead cost optimization approach using price forecasting
Caprara, Adriano
Balance responsible party
Day-ahead market
Day-ahead optimization
Demand response
Electricity markets
Electricity price forecasting
Flexibility services
Àrees temàtiques de la UPC::Enginyeria elèctrica
title_short Flexibility service for balance responsible parties’ industrial customers: a day-ahead cost optimization approach using price forecasting
title_full Flexibility service for balance responsible parties’ industrial customers: a day-ahead cost optimization approach using price forecasting
title_fullStr Flexibility service for balance responsible parties’ industrial customers: a day-ahead cost optimization approach using price forecasting
title_full_unstemmed Flexibility service for balance responsible parties’ industrial customers: a day-ahead cost optimization approach using price forecasting
title_sort Flexibility service for balance responsible parties’ industrial customers: a day-ahead cost optimization approach using price forecasting
dc.creator.none.fl_str_mv Caprara, Adriano
Barja Martínez, Sara|||0000-0003-4126-8858
Aragüés Peñalba, Mònica|||0000-0002-1509-376X
Bullich Massagué, Eduard|||0000-0003-4603-1868
author Caprara, Adriano
author_facet Caprara, Adriano
Barja Martínez, Sara|||0000-0003-4126-8858
Aragüés Peñalba, Mònica|||0000-0002-1509-376X
Bullich Massagué, Eduard|||0000-0003-4603-1868
author_role author
author2 Barja Martínez, Sara|||0000-0003-4126-8858
Aragüés Peñalba, Mònica|||0000-0002-1509-376X
Bullich Massagué, Eduard|||0000-0003-4603-1868
author2_role author
author
author
dc.subject.none.fl_str_mv Balance responsible party
Day-ahead market
Day-ahead optimization
Demand response
Electricity markets
Electricity price forecasting
Flexibility services
Àrees temàtiques de la UPC::Enginyeria elèctrica
topic Balance responsible party
Day-ahead market
Day-ahead optimization
Demand response
Electricity markets
Electricity price forecasting
Flexibility services
Àrees temàtiques de la UPC::Enginyeria elèctrica
description Electricity-intensive industries are highly impacted by electricity prices and their fluctuations. While these industries can change their consumption profiles to avoid peak price periods, they must also adhere to production schedules dictated by their unique manufacturing processes and related constraints. Balance Responsible Parties (BRPs), seek to optimize the electricity costs of their portfolio of customers and have limited access to real-time industrial flexibility. So, the concept of Daily Industrial Flexibility (DIF) is introduced as a trade-off between real-time flexibility and predetermined industrial schedules. Each factory can propose different fixed day-ahead consumption profiles to the BRP, each with a specific activation cost. In this context, this paper proposes a day-ahead flexibility service to minimize the BRP’s costs of electricity purchase on the day-ahead market, activating DIFs within the portfolio of industrial customers. A forecasting model for the electricity price is implemented and an optimization model is formulated to minimize day-ahead portfolio costs. Finally, the case study of a Catalan BRP is presented, considering DIF offers from its largest customers. Results demonstrate that the proposed approach enables accurate predictions of the BRP’s customers operation before DAM closure, successfully identifying alternative schedules to reduce portfolio costs.
publishDate 2025
dc.date.none.fl_str_mv 2025
2025-05-07
2025
2025-06-06
dc.type.none.fl_str_mv journal article
http://purl.org/coar/resource_type/c_6501
VoR
http://purl.org/coar/version/c_970fb48d4fbd8a85
dc.type.openaire.fl_str_mv info:eu-repo/semantics/article
format article
dc.identifier.none.fl_str_mv https://hdl.handle.net/2117/431132
https://dx.doi.org/10.1109/ACCESS.2025.3567879
url https://hdl.handle.net/2117/431132
https://dx.doi.org/10.1109/ACCESS.2025.3567879
dc.language.none.fl_str_mv Inglés
eng
language_invalid_str_mv Inglés
language eng
dc.relation.none.fl_str_mv European Commission http://doi.org/10.13039/501100000780 HE 101058657 Industrial Cluster FLEXibility platform for sustainable FACTories to reduce CO2 emissions and to enable the Energy Transition
dc.rights.none.fl_str_mv open access
http://purl.org/coar/access_right/c_abf2
Attribution 4.0 International
http://creativecommons.org/licenses/by/4.0/
dc.rights.openaire.fl_str_mv info:eu-repo/semantics/openAccess
rights_invalid_str_mv open access
http://purl.org/coar/access_right/c_abf2
Attribution 4.0 International
http://creativecommons.org/licenses/by/4.0/
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Institute of Electrical and Electronics Engineers (IEEE)
publisher.none.fl_str_mv Institute of Electrical and Electronics Engineers (IEEE)
dc.source.none.fl_str_mv reponame:UPCommons. Portal del coneixement obert de la UPC
instname:Universitat Politècnica de Catalunya (UPC)
instname_str Universitat Politècnica de Catalunya (UPC)
reponame_str UPCommons. Portal del coneixement obert de la UPC
collection UPCommons. Portal del coneixement obert de la UPC
repository.name.fl_str_mv
repository.mail.fl_str_mv
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score 15,812455

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