Strategic Trade of Multi-Energy Aggregators with Local Multi-Energy Systems while Participating in Energy and Reserve Markets

The multi-energy systems (MES) contain key resources driving the evolution of the future systems. Various components and convertors that are available in a MES make it operationally flexible and a potential source to be deployed in system operation. Like any other resources in the system, the flexibility brought by MES needs to be fairly valued. One of the approaches is through market participation of these resources. In this regard, new agents and trade system need to be defined. This paper studies the interactions of a multi-energy aggregator on various trade levels defined within the multi-energy paradigm. The levels include the upstream multi-energy markets as well as local energy trades such as local resources and flexible demand. The results discuss the increased level of profit due to the availability of multi-energy trade to the aggregator.