Abstract
Energy storage systems and flexible loads have attracted significant interests due to their capabilities to provide various grid services. In this paper, the flexibilities are optimally allocated among multiple distributed energy resource aggregators with energy storage systems and flexible buildings by the utility coordinator through market-based co-optimization. An iterative market clearing algorithm is developed to determine the optimal energy and ancillary service prices, with consideration of both local dynamics and network constraints. Simulation results demonstrate the effectiveness of the proposed algorithm and the benefits of co-optimizing the energy and ancillary service markets.
| Original language | English |
|---|---|
| Title of host publication | 2020 IEEE/PES Transmission and Distribution Conference and Exposition, T and D 2020 |
| Publisher | Institute of Electrical and Electronics Engineers Inc. |
| ISBN (Electronic) | 9781728145471 |
| DOIs | |
| State | Published - Oct 12 2020 |
| Event | 2020 IEEE/PES Transmission and Distribution Conference and Exposition, T and D 2020 - Chicago, United States Duration: Oct 12 2020 → Oct 15 2020 |
Publication series
| Name | Proceedings of the IEEE Power Engineering Society Transmission and Distribution Conference |
|---|---|
| Volume | 2020-October |
| ISSN (Print) | 2160-8555 |
| ISSN (Electronic) | 2160-8563 |
Conference
| Conference | 2020 IEEE/PES Transmission and Distribution Conference and Exposition, T and D 2020 |
|---|---|
| Country/Territory | United States |
| City | Chicago |
| Period | 10/12/20 → 10/15/20 |
Funding
The work herein was supported by the Transactive Control Program at Pacific Northwest National Laboratory (PNNL) funded by the U.S. Department of Energy’s Building Technologies Office. PNNL is operated for the U.S. Department of Energy by Battelle Memorial Institute under Contract DE-AC05-76RL01830.
Keywords
- DER flexibility
- energy and ancillary service co-optimization
- market-based coordination