Stochastic distribution network operation for transactive energy markets

In this paper, a stochastic optimization model is developed for optimal operation of the active distribution networks. The proposed model is investigated on the transactive energy market in the presence of active consumers, local photovoltaic power generations and storage devices. The stochastic behavior of photovoltaic panel power generation units and load consumptions have been modeled using scenario generations and scenario reduction technique. Besides, the stochastic nature of the demand power, as well as rooftop photovoltaic panels, have been investigated in this paper. In the transactive energy market model, the distribution system operator is the main responsible for the market-clearing mechanisms and controlling the net power exchange between the distribution network and upstream grid. The proposed model is tested and verified on a radial medium voltage distribution network with 16 buses.