Toward a Retail Market for Distribution Grids

Haider, Rabab; Baros, Stefanos; Wasa, Yasuaki; Romvary, Jordan; Uchida, Kenko; Annaswamy, Anuradha M.

doi:10.1109/tsg.2020.2996565

Cited by 33 publications

(28 citation statements)

References 35 publications

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“…x x x [120] x x x [121] x x x [122] x x x x [123] x x x x [124] x [125] x [81] x x x x [126] x x [127] x [128] x x [47] x x [129] x x [130] x [131] x x [132] x x x [133] x x [118] x x [134] x x [135] x x [136] x x [137] x x x [138] x x x [139] x x x [140] x x [141] x x x [142] x x x [86] x x x x [143] x x x [144] x x x [145] x x x [146] x x x [147] x x x…”

Section: E Social Aspectsmentioning

confidence: 99%

“…An important next step is to incorporate grid challenges into the mathematical formulation, either directly or indirectly, ensuring that the imposed impact on the physical layer is feasible and does not cause further issues, as presented in Section II. x x [107] x x x [108] x x [109] x x [110] x x [112] x x [115] x x x [116] x x x [117] x x x [119] x x x [120] x x [121] x x x [122] x x x [81] x x [128] x x [129] x x x [133] x x [134] x x x [137] x [138] x x x [139] x x x [140] x [141] x x x [142] x x x [86] x x x x [143] x x [144] x…”

Section: A Grid Representationmentioning

confidence: 99%

“…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%

“…The paper achieves this by utilization of a a Value at Risk formulation and an iterative algorithm (based on ADMM) for the distributed optimization. An alternative to the ADMM-based distributed optimization approaches can be found in [139], where a retail market mechanism for distribution grids under high penetration of distributed renewable generation is suggested, using a novel coordination algorithm. The authors argue that their algorithm not only requires less computational resources than ADMM, but also enhances privacy preservation over it.…”

Section: Distributed Optimizationmentioning

confidence: 99%

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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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Section: E Social Aspectsmentioning

confidence: 99%

Section: A Grid Representationmentioning

confidence: 99%

Section: Balancing Productsmentioning

confidence: 99%

Section: Distributed Optimizationmentioning

confidence: 99%

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Developments and Challenges in Local Electricity Markets: A Comprehensive Review

et al. 2021

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“…However, there is no guarantee that the proposed algorithm converges especially when the number of DSOs increases. In [10], a distributed optimization algorithm is proposed for modeling the DSO retail market considering energy and ancillary services. However, the DSO's impact on wholesale market clearing is not considered.…”

Section: Introduction Us Federal Energy Regulatory Commission Issued ...mentioning

confidence: 99%

ISO and DSO Coordination: A Parametric Programming Approach

Mousavi¹,

Wang²

2022

Preprint

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In this paper, a framework is proposed to coordinate the operation of the independent system operator (ISO) and distribution system operator (DSO) to leverage the wholesale market participation of distributed energy resources (DERs) aggregators while ensuring secure operation of distribution grids. The proposed coordination framework is based on parametric programming. The DSO builds the bid-in cost function based on the distribution system market considering its market player constraints and distribution system physical constraints including the power balance equations and voltage limitation constraints. The DSO submits the resulting bid-in cost function to the wholesale market operated by the ISO. After the clearance of the wholesale market, the DSO determines the share of its retail market participants (i.e., DER aggregators). Case studies are performed to verify the effectiveness of the proposed method.

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Realizing the Transactive Energy Future with Local Energy Market: an Overview

Lin

Wang

2022

Curr Sustainable Renewable Energy Rep

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Toward a Retail Market for Distribution Grids

Cited by 33 publications

References 35 publications

Developments and Challenges in Local Electricity Markets: A Comprehensive Review

Developments and Challenges in Local Electricity Markets: A Comprehensive Review

ISO and DSO Coordination: A Parametric Programming Approach

Realizing the Transactive Energy Future with Local Energy Market: an Overview

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