Battery Storage Participation in Reactive and Proactive Distribution-Level Flexibility Markets

Badanjak, Domagoj; Pandžić, Hrvoje

doi:10.1109/access.2021.3109108

Cited by 14 publications

(2 citation statements)

References 28 publications

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“…In the project emphasis is given on the integration of the future distribution level markets with the existing market structure. In that manner, article [100] observes integration of two types of the distribution level markets. One type is cleared before the day-ahead energy market, while the other is cleared after.…”

Section: Projectsmentioning

confidence: 98%

Distribution-Level Flexibility Markets—A Review of Trends, Research Projects, Key Stakeholders and Open Questions

Badanjak

Pandžić

2021

Energies

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In modern power systems high penetration of renewable energy sources and decentralized paradigm are regarded as the path toward more sustainable electricity landscape. This includes distributed energy resources whose intermittency and uncertainty may cause issues to the system operators. Distribution system operators have an obligation to ensure secure and stable system operation. Hence, they seek the most efficient methods to deal with these challenges. Flexibility procurement is considered as one of the prerequisites for painless and successful integration of renewable sources. Furthermore, distribution-level flexibility markets are modeled and tested to trade flexibility locally, solve congestion issues and defer grid expansion. This paper surveys the ongoing research in the field of flexibility markets, its design, open questions and most promising research projects. The key stakeholders are identified, overview of the current trends in the power system and research initiatives are presented, accompanied with the dilemmas being discussed in the power systems community.

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Section: Projectsmentioning

confidence: 98%

Distribution-Level Flexibility Markets—A Review of Trends, Research Projects, Key Stakeholders and Open Questions

Badanjak

Pandžić

2021

Energies

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“…The integration of RE into the grid in a power system is mainly driven by the flexibility of grid operation, and power systems that do not have sufficient ramping capacities will experience operational accidents and economic losses (e.g., load curtailment and discarding of RE) [5][6][7]. FRP has been proposed by many system operators to enhance the ramping capability of power systems [8,9]. The purpose of FRP is to reserve enough flexible ramping capacity for the system in the current period to ensure that the DPG output can meet the demand of the load change in the following period, offers and at the same time can reasonably compensate for the DPG provided by FRP.…”

Section: Introductionmentioning

confidence: 99%

A Joint Electricity Market-Clearing Mechanism for Flexible Ramping Products with a Convex Spot Market Model

Gao,

Bai,

Shang

et al. 2024

Sustainability

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A high proportion of renewable energy access makes the net load of the power system volatile and uncertain, increasing the demand for the ramping capacity of the power system. Traditional electricity spot markets compensate for the power imbalances caused by an insufficient ramping capacity through traditional flexibility services such as ancillary services and interconnection power. However, conventional flexibility services may lead to frequency deviations in the power system, increased response costs, spikes in electricity prices, and dramatic price volatility in the traditional spot market. To solve the above problems, this paper proposes an FRP and convex electricity spot market joint clearing (FCESMJC) market mechanism. The FCESMJC model can more accurately represent the relationship between electrical power output and the price of electricity and reduces the number of spikes in electricity prices. In addition, a novel FRP pricing method is proposed to compensate FRP market participants for their FRP costs more reasonably. Additionally, the difference in system performance is provided by comparing the energy prices, pricing method, clearing prices, and system costs in the FCESMJC method and the traditional electricity spot market. The FCESMJC system reduces the total system cost by 18.6% compared with the electricity spot market. Numerical experiments are simulated on the IEEE 14-bus test system to validate the superiority of the proposed model.

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Optimal market participation of VPPs in TSO-DSO coordinated energy and flexibility markets

Jiang,

Wu,

Huang

et al. 2024

Applied Energy

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Battery Storage Participation in Reactive and Proactive Distribution-Level Flexibility Markets

Cited by 14 publications

References 28 publications

Distribution-Level Flexibility Markets—A Review of Trends, Research Projects, Key Stakeholders and Open Questions

Distribution-Level Flexibility Markets—A Review of Trends, Research Projects, Key Stakeholders and Open Questions

A Joint Electricity Market-Clearing Mechanism for Flexible Ramping Products with a Convex Spot Market Model

Optimal market participation of VPPs in TSO-DSO coordinated energy and flexibility markets

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