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Effects of Local Electricity Trading on Power Flows and Voltage Levels for Different Elasticities and Prices

Author

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  • Lin Herenčić

    (Faculty of Electrical Engineering and Computing, University of Zagreb, Unska 3, HR-10000 Zagreb, Croatia)

  • Perica Ilak

    (Faculty of Electrical Engineering and Computing, University of Zagreb, Unska 3, HR-10000 Zagreb, Croatia)

  • Ivan Rajšl

    (Faculty of Electrical Engineering and Computing, University of Zagreb, Unska 3, HR-10000 Zagreb, Croatia)

Abstract

Local electricity trading is a concept that allows active electricity trading between consumers, producers and/or prosumers located in a local low voltage distribution grid. The concept should provide added value to the participants and accelerate the democratization, decarbonization and decentralization of the power sector. The effects of local electricity trading on voltage levels in distribution grids are just in the early stage of research, together with the possible means of control, market design, market-clearing approaches and integration of the local electricity trading within the electricity markets. The aim of this work is to contribute to the research by examining if near real-time local electricity trading can be implemented in a distribution grid without time-consuming security-constrained unit commitment calculations for the observed time horizon and without security-constrained economic dispatch calculations for each trading period. Moreover, this work investigates if the implementation of local electricity trading can contribute to the avoidance of unpredictable and unfavorable consumption/production patterns, which can appear in the distribution grid due to the random behavior of a large number of participants. It is analyzed if a contribution to the maintenance of the voltages and currents within limits can be achieved that way. The method for simulation of a local electricity market and analysis of power flows and voltage levels is presented. The auction-based local electricity trading is simulated and applied on the modified IEEE European Low Voltage Test Feeder where the effects of local electricity trading on power flows and voltage levels are studied for boundary elasticities and prices of demand and supply offering curves. It is shown that the local electricity trading has potential to incentivize active participation of prosumers, which can lead to better demand/supply balancing at the local level and to a decrease of voltage fluctuations.

Suggested Citation

  • Lin Herenčić & Perica Ilak & Ivan Rajšl, 2019. "Effects of Local Electricity Trading on Power Flows and Voltage Levels for Different Elasticities and Prices," Energies, MDPI, vol. 12(24), pages 1-19, December.
    • Handle: RePEc:gam:jeners:v:12:y:2019:i:24:p:4708-:d:296289
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    References listed on IDEAS

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    5. Liaqat Ali & M. Imran Azim & Nabin B. Ojha & Jan Peters & Vivek Bhandari & Anand Menon & Vinod Tiwari & Jemma Green & S.M. Muyeen, 2023. "Balancing Usage Profiles and Benefitting End Users through Blockchain Based Local Energy Trading: A German Case Study," Energies, MDPI, vol. 16(17), pages 1-18, August.
    6. Azim, M. Imran & Tushar, Wayes & Saha, Tapan K. & Yuen, Chau & Smith, David, 2022. "Peer-to-peer kilowatt and negawatt trading: A review of challenges and recent advances in distribution networks," Renewable and Sustainable Energy Reviews, Elsevier, vol. 169(C).
    7. Adrian Kampa & Iwona Paprocka, 2021. "Analysis of Energy Efficient Scheduling of the Manufacturing Line with Finite Buffer Capacity and Machine Setup and Shutdown Times," Energies, MDPI, vol. 14(21), pages 1-25, November.
    8. Perica Ilak & Lin Herenčić & Ivan Rajšl & Sara Raos & Željko Tomšić, 2021. "Equilibrium Pricing with Duality-Based Method: Approach for Market-Oriented Capacity Remuneration Mechanism," Energies, MDPI, vol. 14(3), pages 1-19, January.
    9. Herenčić, Lin & Kirac, Mislav & Keko, Hrvoje & Kuzle, Igor & Rajšl, Ivan, 2022. "Automated energy sharing in MV and LV distribution grids within an energy community: A case for Croatian city of Križevci with a hybrid renewable system," Renewable Energy, Elsevier, vol. 191(C), pages 176-194.
    10. Željko Tomšić & Sara Raos & Ivan Rajšl & Perica Ilak, 2020. "Role of Electric Vehicles in Transition to Low Carbon Power System—Case Study Croatia," Energies, MDPI, vol. 13(24), pages 1-22, December.
    11. Azim, M. Imran & Tushar, Wayes & Saha, Tapan K., 2020. "Investigating the impact of P2P trading on power losses in grid-connected networks with prosumers," Applied Energy, Elsevier, vol. 263(C).

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