Clearing and Pricing for Network-Aware Local Flexibility Markets using Distributed Optimization

Sascha Birk, Saber Talari, Daniel Gebbran, Wolfgang Ketter, Thorsten Schneiders

Research output: Chapter/Conference proceedingConference proceedingAcademicpeer-review

Abstract

Along with the rising installation of distributed en-ergy resources, the demand for flexibility and the management of such is of growing interest. This paper proposes a network-aware local flexibility market scheme, which is triggered by an upstream flexibility request and orchestrated by the distribution system operator (DSO). The consensus alternating direction method of multipliers (CADMM) is used to clear the market. The flexibility locational marginal price (FLMP) for each EC is derived from the nodal balance constraint. The market mechanism is tested using a ring network with a tie switch. The provision of flexibility and the formation of FLMP is analyzed considering a congested and non-congested state of the network. While no congestion occurs, the FLMP reaches an equilibrium price for all ECs. In case of congestion, the prices in the congested parts of the network drop, alongside an increase in the non-congested parts.

Original languageEnglish
Title of host publication2023 IEEE Belgrade PowerTech, PowerTech 2023
PublisherInstitute of Electrical and Electronics Engineers Inc.
ISBN (Electronic)9781665487788
DOIs
Publication statusPublished - 2023
Event2023 IEEE Belgrade PowerTech, PowerTech 2023 - Belgrade, Serbia
Duration: 25 Jun 202329 Jun 2023

Publication series

Series2023 IEEE Belgrade PowerTech, PowerTech 2023

Conference

Conference2023 IEEE Belgrade PowerTech, PowerTech 2023
Country/TerritorySerbia
CityBelgrade
Period25/06/2329/06/23

Bibliographical note

Publisher Copyright:
© 2023 IEEE.

Fingerprint

Dive into the research topics of 'Clearing and Pricing for Network-Aware Local Flexibility Markets using Distributed Optimization'. Together they form a unique fingerprint.

Cite this