scholarly journals Decentralized Prosumer-Centric P2P Electricity Market Coordination with Grid Security

Energies ◽  
2021 ◽  
Vol 14 (15) ◽  
pp. 4665
Author(s):  
Duarte Kazacos Winter ◽  
Rahul Khatri ◽  
Michael Schmidt

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.

Energies ◽  
2020 ◽  
Vol 13 (16) ◽  
pp. 4176
Author(s):  
Dirk Hladik ◽  
Christoph Fraunholz ◽  
Matthias Kühnbach ◽  
Pia Manz ◽  
Robert Kunze

In Germany, the political decision to phase out nuclear and coal-fired power as well as delays in the planned grid extension are expected to intensify the current issue of high grid congestion volumes. In this article, we investigate two instruments which may help to cope with these challenges: market splitting and the introduction of a capacity mechanism. For this purpose, we carry out a comprehensive system analysis by jointly applying the demand side models FORECAST and eLOAD, the electricity market model PowerACE and the optimal power flow model ELMOD. While a German market splitting has a positive short-term impact on the congestion volumes, we find the optimal zonal delimination determined for 2020 to become outdated by 2035 resulting in new grid bottlenecks. Yet, readjusting the zonal configuration would lower the ability of the market split to provide regional investment incentives. Introducing a capacity mechanism with a congestion indicator allows allocating new power plants in regions with higher electricity demand. Consequently, we find the required congestion management to be substantially reduced in this setting. However, given the large amount of design parameters, any capacity mechanism needs to be carefully planned before its introduction to avoid new inefficiences on the market side.


2021 ◽  
Vol 15 ◽  
pp. 270-275
Author(s):  
Archana Jaisingpure ◽  
V. K. Chandrakar ◽  
R. M. Mohril

In the current scenario, transmission cost allocation is one of the significant difficulties arises due to the expansion in power exchanges in transmission open access looked by electric energy area. The proposed method calculates transmission cost allocation by considering bilateral & multilateral transactions. The transmission cost allocation approach in the proposed method derives from equivalent bilateral which states that a small amount of every generator provides with each request in consistently and separated manner. The influence of power flow in network via all lines due to a transaction is measured by power flow solution. This paper discusses the congestion problem in the deregulated electricity market using an optimal power flow (OPF). The transmission lines are uncongested using re-dispatch method and then taxes are calculated for the establishment of the flexible A.C. transmission systems (FACTS) devices in the transmission network to reduce taxes. The excellent location of FACTS device can be identified by the bus on which highest T. The result indicates that the combination of TCSC and SVC incredibly discount the measure of re-dispatched power which provides optimal operating point nearer to the market settlement. Hence, TCSC and SVC gives convenient option to block the execution of transmission estimation utilizing approaches and calculate the transmission price.


Author(s):  
Ricardo Moreno ◽  
Johan Obando ◽  
Gabriel Gonzalez

In the day-ahead dispatching of network-constrained electricity markets, renewable energy and distributed resources are dispatched together with conventional generation. The uncertainty and volatility associated to renewable resources represents a new paradigm to be faced for power system operation. Moreover, in various electricity markets there are mechanisms to allow the demand participation through demand response (DR) strategies. Under operational and economic restrictions, the operator each day, or even in intra-day markets, dispatchs an optimal power flow to find a feasible state of operation. The operation decisions in power markets use an optimal power flow considering unit commitment to dispatch economically generation and DR resources under security restrictions. This paper constructs a model to include demand response in the optimal power flow under wind power uncertainty. The model is formulated as a mixed-integer linear quadratic problem and evaluated through Monte-Carlo simulations. A large number of scenarios around a trajectory bid captures the uncertainty in wind power forecasting. The proposed integrated OPF model is tested on the standard IEEE 39-bus system.


Energies ◽  
2019 ◽  
Vol 12 (23) ◽  
pp. 4486
Author(s):  
Carmen Ramos Carvajal ◽  
Ana Salomé García-Muñiz ◽  
Blanca Moreno Cuartas

In competitive electricity markets, the growth of electricity generated by renewable sources will reduce the market price of electricity assuming marginal cost pricing. However, small renewable distributed generation (RDG) alone cannot modify the formation of electricity prices. By aggregating small RDG units into a Virtual Power Plants (as a single unit market) they are capable of dealing at the wholesale electricity market analogous to large-scale producer following in changes in wholesale prices. This paper investigates the socioeconomic impacts of different type of RDG technologies on Spanish economic sectors and households. To this end, we applied an input-output price model to detail the activities more sensitive to changes in electricity price due to RDG technologies deployment and the associated modifications in income and total output associated with the households’ consumption variation. Detailed Spanish electricity generation disaggregation of the latest available Spanish Input-Output table, which refers to 2015, was considered. It was found that the integration of RDG units in the electricity market project a better situation for the economy and Spanish households. This paper’s scope and information can be used to benefit decision-making with respect to electricity pricing policies.


2021 ◽  
Vol 11 (1) ◽  
pp. 83-94
Author(s):  
Zahid Ullah ◽  
Nayyar Hussain Mirjat ◽  
Muhammad Baseer

. In this study, a robust optimisation method (ROM) is proposed with aim to achieve optimal scheduling of virtual power plants (VPPs) in the day-ahead electricity markets where electricity prices are highly uncertain. Our VPP is a collection of various distributed energy resources (DERs), flexible loads, and energy storage systems that are coordinated and operated as a single entity. In this study, an offer and bid-based energy trading mechanism is proposed where participating members in the VPP setting can sell or buy to/from the day-ahead electricity market to maximise social welfare (SW). SW is defined as the maximisation of end-users benefits and minimisation of energy costs. The optimisation problem is solved as a mixed-integer linear programming model taking the informed decisions at various levels of uncertainty of the market prices. The benefits of the proposed approach are consistency in solution accuracy and traceability due to less computational burden and this would be beneficial for the VPP operators. The robustness of the proposed mathematical model and method is confirmed in a case study approach using a distribution system with 18-buses. Simulation results illustrate that in the highest robustness scenario, profit is reduced marginally, however, the VPP showed robustness towards the day-ahead market (DAM) price uncertainty


2016 ◽  
Vol 58 (1) ◽  
Author(s):  
Denis Bytschkow

AbstractThe operation of smart grids is based on different energy management and control systems. Despite their variety, all of them offer similar functionalities to achieve a stable, reliable, sustainable and economic supply of energy. Similarity offers advantages for the construction of systems that are not well reflected in current system architectures. This work introduces foundations for specifications and development of fractal architectures that are based on self-similarity. We aim to apply those principles on two smart grid use cases: virtual power plants and optimal power flow control applications.


Author(s):  
Lucas Feksa Ramos ◽  
Luciane Neves Canha

This article presents an in-depth review of Virtual Power Plant (VPP), its organization in the energy system and its prospects in the face of the promising future of the increasing bidirectional complexity exposed in the current scenario. A new paradigm for the operations of modern power distribution and transmission systems requires greater grid flexibility that is accompanying an extensive change in the structure of electricity markets, the fruit of the development of the renewable industry and of the growing photovoltaic systems popularized, but in contrast due to the intermittent nature cause variable uncertainties in the power system. Innovative concepts like VPP are becoming a reality, establishing an efficient and effective mechanism. The objectives and components are described in a comprehensive way, and some of the most important are pointed out and presented in detail to contribute with a description of the energy systems and the implicit research needed for sustainability and resilience in the eminent energy scenario with this technology. In addition, the literature and studies of this technology already indicate a direction of this new tool as a promising solution to manage the uncertainties of the renewable energies.


2020 ◽  
Vol 12 (12) ◽  
pp. 31-43
Author(s):  
Tatiana A. VASKOVSKAYA ◽  
◽  
Boris A. KLUS ◽  

The development of energy storage systems allows us to consider their usage for load profile leveling during operational planning on electricity markets. The paper proposes and analyses an application of an energy storage model to the electricity market in Russia with the focus on the day ahead market. We consider bidding, energy storage constraints for an optimal power flow problem, and locational marginal pricing. We show that the largest effect for the market and for the energy storage system would be gained by integration of the energy storage model into the market’s optimization models. The proposed theory has been tested on the optimal power flow model of the day ahead market in Russia of 10000-node Unified Energy System. It is shown that energy storage systems are in demand with a wide range of efficiencies and cycle costs.


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