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

dc.contributor.affiliationTNO
dc.contributor.affiliationTNO
dc.contributor.authorKok, Koen
dc.contributor.authorSubramanian, Arun
dc.contributor.countryNetherlands
dc.contributor.countryNetherlands
dc.contributor.detailedauthorKok, Koen, TNO, Netherlands
dc.contributor.detailedauthorSubramanian, Arun, TNO, Netherlands
dc.date.accessioned2019-07-24T12:43:11Z
dc.date.available2019-07-24T12:43:11Z
dc.date.conferencedate3-6 June 2019
dc.date.issued2019-06-03
dc.description.abstractLocational 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.
dc.description.conferencelocationMadrid, Spain
dc.description.conferencenameCIRED 2019
dc.description.openaccessYes
dc.description.peerreviewedYes
dc.description.sessionDSO business environment enabling digitalization and energy transition
dc.description.sessionidSession 6
dc.identifier.isbn978-2-9602415-0-1
dc.identifier.issn2032-9644
dc.identifier.urihttps://cired-repository.org/handle/20.500.12455/528
dc.identifier.urihttp://dx.doi.org/10.34890/753
dc.language.isoen
dc.publisherAIM
dc.relation.ispartProc. of the 25th International Conference on Electricity Distribution (CIRED 2019)
dc.relation.ispartofseriesCIRED Conference Proceedings
dc.titleFast Locational Marginal Pricing for Congestion Management in a Distribution Network with Multiple Aggregators
dc.title.number1697
dc.typeConference Proceedings
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