Related papers: A Transactive Energy Market Framework Considering …
This paper develops an algorithmic framework for real-time optimization of distribution-level distributed energy resources (DERs). The proposed framework optimizes the operation of both DERs that are individually controllable and groups of…
Renewable distributed energy resources (DERs) have the potential to provide multi-location electricity consumers (MLECs) with electricity at prices lower than those offered by the grid using behind-the-meter advantages. This study examines…
In this paper, we investigate an energy cost minimization problem for prosumers participating in peer-to-peer energy trading. Due to (i) uncertainties caused by renewable energy generation and consumption, (ii) difficulties in developing an…
The fast uptake of distributed energy resources (DERs) presents increasing challenges for managing hosting capacity in distribution networks. Existing solutions include direct load control, operating envelopes, and price-based control…
The evolution of smart microgrid and its demand-response characteristics not only will change the paradigms of the century-old electric grid but also will shape the electricity market. In this new market scenario, once always energy…
With the widespread adoption of Renewable Energy Sources (RESs) in low-voltage distribution systems, opportunities for energy trading among peers have emerged. In particular, the advent of distributed ledgers and blockchain technologies has…
Bringing fairness to energy resource allocation remains a challenge, due to the complexity of system structures and economic interdependencies among users and system operators' decision-making. The rise of distributed energy resources has…
The increasing adoption of renewable energy sources increases the need for balancing power. The security concerns of the distribution system operators are increasing due to fast adoption of distributed energy resources. So far, various…
We introduce NEM X, an inclusive retail tariff model that captures features of existing net energy metering (NEM) policies. It is shown that the optimal prosumer decision has three modes: (a) the net-consuming mode where the prosumer…
This paper presented insights into the implementation of transactive multi-agent systems over flow networks where local resources are decentralized. Agents have local resource demand and supply, and are interconnected through a flow network…
We consider the aggregation of distributed energy resources (DERs), such as solar PV, energy storage, and flexible loads, by a profit-seeking aggregator participating directly in the wholesale market under distribution network access…
This paper studies how to aggregate prosumers (or large consumers) and their collective decisions in electricity markets, with a focus on fairness. Fairness is essential for prosumers to participate in aggregation schemes. Some prosumers…
Analyzing the interactions between the transmission and distribution (T&D) system is becoming imperative with the increased penetrations of distributed energy resources (DERs) on electric power distribution networks. An assessment of the…
Energy communities (ECs) are emerging as a promising decentralized model for managing cooperative distributed energy resources (DERs). As these communities expand and their operations become increasingly integrated into the grid, ensuring…
As more and more distributed renewable energy resources are integrated to the grid, the traditional consumers have become the prosumers who can sell back their surplus energy to the others who are in energy shortage. This peer-to-peer (P2P)…
The limited capacity of distribution grids for hosting renewable generation is one of the main challenges towards the energy transition. Local energy markets, enabling direct exchange of energy between prosumers, help to integrate the…
Residential microgrids (MGs) may host a large number of Distributed Energy Resources (DERs). The strategy that maximizes the revenue for each individual DER is the one in which the DER operates at capacity, injecting all available power…
In the operation of the integrated energy system (IES), considering further reducing carbon emissions, improving its energy utilization rate, and optimizing and improving the overall operation of IES, an optimal dispatching strategy of…
Transactive Energy Systems (TES) are modern mechanisms in electric power systems that allow disparate control agents to utilize distributed generation units (DGs) to engage in energy transactions and provide ancillary services to the grid.…
Recent innovations in Information and Communication Technologies (ICT) provide new opportunities and challenges for integration of distributed energy resources (DERs) into the energy supply system as active market players. By increasing…