Coordinating Consumer-Centric Market and Grid Operation on Distribution Grid

Orlandini, Tommaso; Soares, Tiago; Sousa, Tiago

doi:10.1109/eem.2019.8916247

Cited by 24 publications

(27 citation statements)

References 12 publications

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“…In regards to considering the grid, as described in [7], most of the peer-to-peer markets consider DC approximations of the distribution grid. Notable exceptions using AC formulations include [31], which focuses on deriving locational marginal prices for uncertain renewable and electric storage; [32], which iterates between optimal power flow and a market clearing model in order to find an equilibrium for both; [33], which incorporates grid services via a centralized peer-topeer trading system; and [34], which iterates between the grid problem and a bi-level game-theoretic framework in order to Furthermore, an alternative to markets that still conducts exchange peer-to-peer is presented in [35], which models the interactions of multiple decision makers within a micro grid.…”

Section: Figure 2 Community-based Market Structurementioning

confidence: 99%

Modelling and Simulation Approaches for Local Energy Community Integrated Distribution Networks

et al. 2022

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Due to the absence of studies of local energy communities (LECs) where the grid is represented, it is very difficult to infer implications of increased LEC integration for the distribution grid as well as for the wider society. Therefore, this paper aims to investigate holistic modelling and simulation approaches of LECs. To conduct a quantifiable assessment of different control architectures, LEC types and market frameworks, a flexible and comprehensive LEC modelling and simulation approach is needed. Modelling LECs and the environment they operate in involves a holistic approach consisting of different layers: market, controller, and grid. The controller layer is relevant both for the overall energy management system of the LEC and the controllers of single components in a LEC. In this paper, the different LEC modelling approaches in the reviewed literature are presented, several multilayered concepts for LECs are proposed, and a case study is presented to illustrate a holistic simulation where the different layers interact.

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Section: Figure 2 Community-based Market Structurementioning

confidence: 99%

Modelling and Simulation Approaches for Local Energy Community Integrated Distribution Networks

et al. 2022

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“…Demand response [93] x [70] x [94] x [95] x [96] x x x [97] x [98] x x [62] x x [99] x [100] x [101] x [102] x [103] x x x [104] x [105] x x [48] x [107] x [108] x [109] x x x [110] x x [111] x x x [112] x x x x [113] x x [114] x x [115] x x [116] x [117] x x [118] x x [119] x [120] x x [121] x x [122] x [123] x x x [124] x [125] x x [81] x x x [128] x [129] x [131] x x [132] x [118] x [134] x [135] x [136] x x [137] x x [138] x x x [139] x x [140] x x [141] x x…”

Section: Balancing Productsmentioning

confidence: 99%

Developments and Challenges in Local Electricity Markets: A Comprehensive Review

et al. 2021

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In recent years, power systems have undergone changes in technology and definition of the associated stakeholders. With the increase in distributed renewable generation and small-to medium-sized consumers starting to actively participate on the supply side, a suitable incorporation of decentralized agents into the power system is required. A promising scheme to support this shift is given by local electricity markets. These provide an opportunity to extend the liberal wholesale markets for electrical power found in Europe and the United States to the communal level. Compared to these more established markets, local electricity markets, however, neither have few practical implementations nor standardized frameworks. In order to fill this research gap and classify the types of local electricity markets, the presented paper therefore starts with the challenges that these markets attempt to solve. This is then extended to an analysis of the theoretical and practical background with a focus on these derived challenges. The theoretical background is provided in the form of an introduction to state-of-the-art models and the associated literature, whereas the practical background is provided in form of a summary of ongoing and recent projects on local electricity markets. As a result, this paper presents a foundation for future research and projects attempting to approach the here presented challenges in distribution of generation, integration of demand response, decentralization of markets and legal and social issues via local electricity markets.

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“…This is the primal update in the case of a prosumer acting as a generator. The max operator in (17), (18) and ( 20) is to be substituted for a min operator in the case of a prosumer acting as a load:…”

Section: The Relaxed Consensus and Innovations Algorithmmentioning

confidence: 99%

“…Should the penalties not be great enough to shift the market trades towards a safety network operation, the penalization is updated in order to increase the magnitude of the tariffs imposed over problematic behavior. At a time step t for an iteration k in the global iteration, penalty updates are performed iteratively as suggested in [18] with the following form:…”

Section: Safety Operation Of the Gridmentioning

confidence: 99%

“…Current methods for the solution of this optimization problem make use of the generator quadratic cost function model as the objective function and renewable energy sources such as PV are treated as must-take generation [17][18][19][20][21] and are accounted for as a system constraint or not accounted for at all [9,22,23]. Here, the quadratic generator cost function will be used as a virtual cost function to model prosumers' involvement in a P2P market and not necessarily to represent the cost of generation.…”

Section: Limitations and Validationmentioning

confidence: 99%

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Decentralized Prosumer-Centric P2P Electricity Market Coordination with Grid Security

2021

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The increasing number of prosumers and the accompanying greater use of decentralised energy resources (DERs) bring new opportunities and challenges for the traditional electricity systems and the electricity markets. Microgrids, virtual power plants (VPPs), peer-to-peer (P2P) trading and federated power plants (FPPs) propose different schemes for prosumer coordination and have the potential of becoming the new paradigm of electricity market and power system operation. This paper proposes a P2P trading scheme for energy communities that negotiates power flows between participating prosumers with insufficient renewable power supply and prosumers with surplus supply in such a way that the community welfare is maximized while avoiding critical grid conditions. For this purpose, the proposed scheme is based on an Optimal Power Flow (OPF) problem with a Multi-Bilateral Economic Dispatch (MBED) formulation as an objective function. The solution is realized in a fully decentralized manner on the basis of the Relaxed Consensus + Innovations (RCI) algorithm. Network security is ensured by a tariff-based system organized by a network agent that makes use of product differentiation capabilities of the RCI algorithm. It is found that the proposed mechanism accurately finds and prevents hazardous network operations, such as over-voltage in grid buses, while successfully providing economic value to prosumers’ renewable generation within the scope of a P2P, free market.

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Coordinating Consumer-Centric Market and Grid Operation on Distribution Grid

Cited by 24 publications

References 12 publications

Modelling and Simulation Approaches for Local Energy Community Integrated Distribution Networks

Modelling and Simulation Approaches for Local Energy Community Integrated Distribution Networks

Developments and Challenges in Local Electricity Markets: A Comprehensive Review

Decentralized Prosumer-Centric P2P Electricity Market Coordination with Grid Security

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