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

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    CIRED 2019 - 1697.pdf (575.0Kb)
    Paper number
    1697
    Conference name
    CIRED 2019
    Conference date
    3-6 June 2019
    Conference location
    Madrid, Spain
    Peer-reviewed
    Yes
    Metadata
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    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.
    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

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