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Micro market based optimisation framework for decentralised management of distributed flexibility assets

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  • Paladin, Andrea
  • Das, Ridoy
  • Wang, Yue
  • Ali, Zunaib
  • Kotter, Richard
  • Putrus, Ghanim
  • Turri, Roberto

Abstract

Continuously changing electricity demand and intermittent renewable energy sources pose challenges to the operation of power systems. An alternative to reinforcing the grid infrastructure is to deploy and manage distributed energy storage systems. In this work, a micro-energy market is proposed for smart domestic energy trading in the low-voltage distribution systems in the context of high penetration of photovoltaic systems and battery energy storage systems. In addition, a micro-balancing market is proposed to address the congestions due to unforeseen energy imbalance. Centralised and decentralised management strategies are simulated in real time, based on generation and demand forecasts. In addition, electric vehicles are also simulated as potential storage solutions to improve grid operation. A techno-economic evaluation informs key stakeholders, in particular grid operators on strategies for a sustainable implementation of the proposed strategies. The results show that the micro-energy market reduces the energy cost for all grid users by 4.1–20.2%, depending on their configuration. In addition, voltage deviation, peak electricity demand and reverse power flow have been reduced by 12.8%, 7.7% and 85.6% respectively, with the proposed management strategies. The micro-balancing market has been demonstrated to keep the voltage profile and thermal characteristic within the set limit in case of contingency.

Suggested Citation

  • Paladin, Andrea & Das, Ridoy & Wang, Yue & Ali, Zunaib & Kotter, Richard & Putrus, Ghanim & Turri, Roberto, 2021. "Micro market based optimisation framework for decentralised management of distributed flexibility assets," Renewable Energy, Elsevier, vol. 163(C), pages 1595-1611.
    • Handle: RePEc:eee:renene:v:163:y:2021:i:c:p:1595-1611
    DOI: 10.1016/j.renene.2020.10.003
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    References listed on IDEAS

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    2. Heilmann, Jakob & Wensaas, Marthe & Crespo del Granado, Pedro & Hashemipour, Naser, 2022. "Trading algorithms to represent the wholesale market of energy communities in Norway and England," Renewable Energy, Elsevier, vol. 200(C), pages 1426-1437.
    3. Frank Pierie & Christian E. J. van Someren & Sandór N. M. Kruse & Gideon A. H. Laugs & René M. J. Benders & Henri C. Moll, 2021. "Local Balancing of the Electricity Grid in a Renewable Municipality; Analyzing the Effectiveness and Cost of Decentralized Load Balancing Looking at Multiple Combinations of Technologies," Energies, MDPI, vol. 14(16), pages 1-35, August.
    4. Olivier Rebenaque & Carlo Schmitt & Klemens Schumann, 2022. "Trading in local markets: A review of concepts and challenges," ECONOMICS AND POLICY OF ENERGY AND THE ENVIRONMENT, FrancoAngeli Editore, vol. 2022(2), pages 25-47.
    5. Gjorgievski, Vladimir Z. & Cundeva, Snezana & Georghiou, George E., 2021. "Social arrangements, technical designs and impacts of energy communities: A review," Renewable Energy, Elsevier, vol. 169(C), pages 1138-1156.
    6. Zhou, Yuekuan & Lund, Peter D., 2023. "Peer-to-peer energy sharing and trading of renewable energy in smart communities ─ trading pricing models, decision-making and agent-based collaboration," Renewable Energy, Elsevier, vol. 207(C), pages 177-193.
    7. Dawn Nafus & Eve M. Schooler & Karly Ann Burch, 2021. "Carbon-Responsive Computing: Changing the Nexus between Energy and Computing," Energies, MDPI, vol. 14(21), pages 1-26, October.
    8. Ashraf Zaghwan & Indra Gunawan, 2021. "Energy Loss Impact in Electrical Smart Grid Systems in Australia," Sustainability, MDPI, vol. 13(13), pages 1-34, June.

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