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Transactive-Market-Based Operation of Distributed Electrical Energy Storage with Grid Constraints

Author

Listed:
  • M. Nazif Faqiry

    (Department of Electrical and Computer Engineering, Kansas State University, Manhattan, KS 66506, USA)

  • Lawryn Edmonds

    (Department of Electrical and Computer Engineering, Kansas State University, Manhattan, KS 66506, USA)

  • Haifeng Zhang

    (Department of Electrical and Computer Engineering, Kansas State University, Manhattan, KS 66506, USA)

  • Amin Khodaei

    (Department of Electrical and Computer Engineering, University of Denver, Denver, CO 80210, USA)

  • Hongyu Wu

    (Department of Electrical and Computer Engineering, Kansas State University, Manhattan, KS 66506, USA)

Abstract

In a transactive energy market, distributed energy resources (DERs) such as dispatchable distributed generators (DGs), electrical energy storages (EESs), distribution-scale load aggregators (LAs), and renewable energy sources (RESs) have to earn their share of supply or demand through a bidding process. In such a market, the distribution system operator (DSO) may optimally schedule these resources, first in a forward market, i.e., day-ahead, and in a real-time market later on, while maintaining a reliable and economic distribution grid. In this paper, an efficient day-ahead scheduling of these resources, in the presence of interaction with wholesale market at the locational marginal price (LMP), is studied. Due to inclusion of EES units with integer constraints, a detailed mixed integer linear programming (MILP) formulation that incorporates simplified DistFlow equations to account for grid constraints is proposed. Convex quadratic line and transformer apparent power flow constraints have been linearized using an outer approximation. The proposed model schedules DERs based on distribution locational marginal price (DLMP), which is obtained as the Lagrange multiplier of the real power balance constraint at each distribution bus while maintaining physical grid constraints such as line limits, transformer limits, and bus voltage magnitudes. Case studies are performed on a modified IEEE 13-bus system with high DER penetration. Simulation results show the validity and efficiency of the proposed model.

Suggested Citation

  • M. Nazif Faqiry & Lawryn Edmonds & Haifeng Zhang & Amin Khodaei & Hongyu Wu, 2017. "Transactive-Market-Based Operation of Distributed Electrical Energy Storage with Grid Constraints," Energies, MDPI, vol. 10(11), pages 1-17, November.
    • Handle: RePEc:gam:jeners:v:10:y:2017:i:11:p:1891-:d:119382
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    References listed on IDEAS

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    1. Kristoffersen, Trine Krogh & Capion, Karsten & Meibom, Peter, 2011. "Optimal charging of electric drive vehicles in a market environment," Applied Energy, Elsevier, vol. 88(5), pages 1940-1948, May.
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    Cited by:

    1. Wentao Yang & Fushuan Wen & Ke Wang & Yuchun Huang & Md. Abdus Salam, 2018. "Modeling of a District Heating System and Optimal Heat-Power Flow," Energies, MDPI, vol. 11(4), pages 1-19, April.
    2. Ghaemi, Sina & Li, Xinyu & Mulder, Machiel, 2023. "Economic feasibility of green hydrogen in providing flexibility to medium-voltage distribution grids in the presence of local-heat systems," Applied Energy, Elsevier, vol. 331(C).
    3. Schwidtal, J.M. & Piccini, P. & Troncia, M. & Chitchyan, R. & Montakhabi, M. & Francis, C. & Gorbatcheva, A. & Capper, T. & Mustafa, M.A. & Andoni, M. & Robu, V. & Bahloul, M. & Scott, I.J. & Mbavarir, 2023. "Emerging business models in local energy markets: A systematic review of peer-to-peer, community self-consumption, and transactive energy models," Renewable and Sustainable Energy Reviews, Elsevier, vol. 179(C).
    4. Sara Haghifam & Kazem Zare & Mehdi Abapour & Gregorio Muñoz-Delgado & Javier Contreras, 2020. "A Stackelberg Game-Based Approach for Transactive Energy Management in Smart Distribution Networks," Energies, MDPI, vol. 13(14), pages 1-34, July.
    5. Hyung Tae Kim & Young Gyu Jin & Yong Tae Yoon, 2019. "An Economic Analysis of Load Leveling with Battery Energy Storage Systems (BESS) in an Electricity Market Environment: The Korean Case," Energies, MDPI, vol. 12(9), pages 1-16, April.
    6. Capper, Timothy & Gorbatcheva, Anna & Mustafa, Mustafa A. & Bahloul, Mohamed & Schwidtal, Jan Marc & Chitchyan, Ruzanna & Andoni, Merlinda & Robu, Valentin & Montakhabi, Mehdi & Scott, Ian J. & Franci, 2022. "Peer-to-peer, community self-consumption, and transactive energy: A systematic literature review of local energy market models," Renewable and Sustainable Energy Reviews, Elsevier, vol. 162(C).
    7. Stefano Bracco, 2020. "A Study for the Optimal Exploitation of Solar, Wind and Hydro Resources and Electrical Storage Systems in the Bormida Valley in the North of Italy," Energies, MDPI, vol. 13(20), pages 1-26, October.
    8. Edmonds, Lawryn & Derby, Melanie & Hill, Mary & Wu, Hongyu, 2021. "Coordinated operation of water and electricity distribution networks with variable renewable energy and distribution locational marginal pricing," Renewable Energy, Elsevier, vol. 177(C), pages 1438-1450.
    9. Faqiry, M. Nazif & Edmonds, Lawryn & Wu, Hongyu & Pahwa, Anil, 2020. "Distribution locational marginal price-based transactive day-ahead market with variable renewable generation," Applied Energy, Elsevier, vol. 259(C).

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