Search

The article presents the discussion on deployment of distributed energy resources (DERs). Topics include technical issues with protection placement and coordination, voltage and power violation, power quality, and energy losses; and new business model in power systems motivating electricity end-users for playing an active role and participating in electricity transactions and reducing carbon emissions.

Bidirectional power flow is becoming increasingly commonplace in modern distribution systems with the integration Renewable Energy Sources (RESs) and Energy Storage Systems (ESSs). This has facilitated in bringing generation closer to end‐consumers, thus leading to the emergence and rapid growth of microgrids. Additionally, due to the technological revolution in Information and Communications Technology (ICT), innovative business models have developed where willing and able participants of the power system can participate in the electricity market. In line with this evolution of both the electric power system and its participants, Energy‐as‐a‐Service (EaaS) is emerging as an increasingly prominent business model to address electrical grid challenges economically. EaaS encourages electricity grid customers to play a more active role and participate in different electricity markets. This paper introduces and simulates a variant of a Transactive Energy (TE) trading algorithm for microgrids. The paper describes the model in brief how multiple microgrids assets can trade electricity to ensure more efficient and economical local resource utilization. The main motivations of this research paper is to validate and test the suitability of the TE trading algorithm for a variety of conditions. The coordinated TE trading model can optimize expansion and investment planning especially at the distribution level. [ABSTRACT FROM AUTHOR]

The current electricity market trading mechanism mainly includes the bilateral negotiation transaction and centralized transaction, with defects such as information asymmetry, insufficient competition, and weak price discovery. Thus, a new double‐market parallel trading mechanism is proposed to improve the efficiency of the competitive electricity market in this paper. Regard the electricity market as a price‐searching market and divide into two sub‐markets composed of a price‐searching market for buyers and a price‐searching market for sellers. Market entities can trade synchronously in two sub‐markets as price searchers or bidders. Searchers are responsible for organizing transactions in line with the market clearing rule library, and bidders participate in transactions initiated by searchers. Under the parallel mechanism, the traditional trading mechanism is also applicable. the framework of the proposed mechanism is presented from four aspects, including the description, clearing process, operation mode, and linkage between two sub‐markets. Then, a market clearing model of the proposed mechanism is built with several traditional transaction modes as special cases of the presented double‐market parallel transactions. Finally, taking the centralized transaction as an example, results show that the proposed mechanism can effectively provide market entities more chances to win contracts, and enhance the market liquidity. [ABSTRACT FROM AUTHOR]