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Payment minimisation auction with security constraints
, Article IET Generation, Transmission and Distribution ; Volume 11, Issue 6 , 2017 , Pages 1370-1380 ; 17518687 (ISSN) ; Hosseini, S. H ; Sharif University of Technology
Institution of Engineering and Technology
2017
Abstract
Among the different options available for market clearing mechanisms, offer cost minimisation mechanism is being used in most electric power markets. The payments are then calculated based on locational marginal prices (LMPs). The payments can be significantly higher due to the inconsistency of the clearing and pricing mechanisms. Payment cost minimisation (PCM) mechanism which directly minimises the total payment has been recently proposed to solve this issue. In this study, an auction mechanism is proposed for payment to suppliers minimisation (PSM) based on the LMPs instead of consumers payment minimisation (CPM). Using a proper formulation for the supply side reserve LMPs, the complete...
Optimal transactive market operations with distribution system operators
, Article IEEE Transactions on Smart Grid ; 2017 ; 19493053 (ISSN) ; Ehsan, M ; Shahidehpour, M ; Sharif University of Technology
Abstract
Distribution system operator (DSO) has traditionally been responsible for the reliable operation of power distribution systems. The advent of distributed energy resources (DERs) and microgrids in distribution networks has required a new platform for DSOs. The new DSO, which is for the most part an independent agent, is responsible for aggregating a widely dispersed DERs (which include small thermal generation units, energy storage, and demand response) and flexible loads in electricity markets. DSO coordinates and balances the transactive dispatch of supply and demand at the distribution level and links wholesale and retail electricity markets. In this paper, a framework for the day-ahead...