Optimal control of program responsible parties
Program Responsible Parties (PRPs; the name is taken from the current Dutch power system operation) are market agents that are capable and allowed to trade on energy and ancillary service markets. They exchange information with the market and system operators and bare the responsibility for their actions reflected in the physical system. Typically a PRP represents a large-scale power production plant, an aggregated set of small-size consumers (end users), or combination of the two. While in WP2 the emphasis is on global objective and decentralization, in WP3 we will devise control algorithms for PRPs to optimally shape the local behavior of a PRP when it is exposed to time-varying prices and stochastic disturbances from uncontrollable loads and intermittent renewable energy sources. In cooperation with WP2 and WP4, the price-based solutions will define the minimum required interfaces and the corresponding ICT infrastructure for information exchange between all participants in the system, being market/system operators, program responsible parties or end users of electricity.