A Market Framework for Collaboration Between Distribution System Operator and Green Bank Agent.

This paper proposes a market framework to approach economic dispatch as a subproblem in smart distribution systems. Four subproblems are associated with four different submarkets (SMs) in the presented framework. Market participants are eligible to bid in different submarkets based on the type of their distributed generation (DG) unit. To effectively tackle the conflicts among objective functions of different submarkets, the corresponding formulated subproblems are assigned to two different agents, namely distribution system operator (DSO) and a green bank agent (GBA). A communication mechanism is designed within the proposed framework such that DSO and GBA compromise their solutions and find a tradeoff to reasonably address the concerns of the four subproblems within SMs 1-4. The effectiveness of the proposed market framework is validated on a well-known 136-bus distribution system, which is modified to contain wind turbine DG aggregators, photovoltaic DG aggregators, and diesel-engine DG aggregators. [ABSTRACT FROM AUTHOR]