Fast Locational Marginal Pricing for Congestion Management in a Distribution Network with Multiple Aggregators

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CIRED 2019 - 1697.pdf (575.08 KB)
Paper number
1697
Working Group Number
Conference name
CIRED 2019
Conference date
3-6 June 2019
Conference location
Madrid, Spain
Peer-reviewed
Yes
Short title
Convener
Authors
Kok, Koen, TNO, Netherlands
Subramanian, Arun, TNO, Netherlands
Abstract
Locational Marginal Pricing (LMP) is widely used to perform congestion management in the interaction between electricity wholesale markets and transmission networks. However, the algorithm does not scale well with the number of network nodes, posing a challenge for its use for the distribution network. The problem is further complicated when multiple aggregators need to be balanced simultaneously while jointly respecting the constraints in the network. This paper proposes a fast LMP algorithm, which solves these problems. Separation of concerns between trade and grid operation is realised through an agent model, using a negotiation mechanism to reach an efficient utilisation of network capacities. Simulations with a simple network are presented to demonstrate the working principle of the algorithm.
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Publisher
AIM
Date
2019-06-03
Published in
CIRED 2019 Conference
Permanent link to this record
https://cired-repository.org/handle/20.500.12455/528
http://dx.doi.org/10.34890/753
ISSN
2032-9644
ISBN
978-2-9602415-0-1