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

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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