The future renewable-based power system will have an increased need for balancing power. Prosumers, having both generation and consumption capabilities, are expected to provide balancing power to the grid, if their flexibility can be appropriately managed. Meanwhile, undesirable line congestions and voltage violations may arise in the distribution network, when flexible resources respond to external control or price signals on a large scale. Hence, the development of an effective framework to coordinate flexibility at the distribution system level is of utmost importance. Such a framework should allow for an optimal provision of prosumer balancing power services within the boundaries of local network security constraints. In this study, a balancing market participation framework is proposed, adopting the concept of network-constrained transactive energy, to facilitate the interactions between the transmission system operator and aggregators who manage prosumer energy profiles. This framework retains user privacy and complies with the current market setup, where flexible energy is traded on the spot and balancing markets; however, it is ensured that the resulting energy profiles do not cause problems in the distribution network.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.