In the modern energy sector, energy flexibility is highly essential. Participation in demand response programs is open to different power customers, with the greatest potential for some high-consumption industrial firms. This paper proposes a novel optimization model to maximize the profit obtained by marketing energy flexibility in a generic manner which is applicable for different industries. Two particular strengths of this model are its inclusion of dependencies between loads and load aggregation. We investigate the model’s performance in two use cases: one with dependent loads and another with aggregated loads. Results demonstrate that the proposed model can achieve its objectives in different use cases, giving exceptional usage for industrial flexibility cases.
Keywords industrial flexibility optimization, aggregated loads flexibility, generic flexibility data format