A Flex-market Design for Flexibility Services through DERs

Chunyu Zhang; Yi Ding; Jacob Østergaard; Henrik W. Bindner; Niels Christian Nordentoft; Lars Henrik Hansen; Poul Brath; Peder Dybdal Cajar

A Flex-market Design for Flexibility Services through DERs

Chunyu Zhang, Yi Ding, Jacob Østergaard, Henrik W. Bindner, Niels Christian Nordentoft, Lars Henrik Hansen, Poul Brath, Peder Dybdal Cajar

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Abstract

The high penetration of distributed energy resources (DERs) will significantly challenge the power system operation due to their intermittent characteristic. In order to utilize the DERs as economically efficient as possible in the distribution grid, an Aggregator-based Flex-market is proposed in this paper. With the brand new notion of Flexibility Clearing House (FLECH), the proposed Flex-market has the ability to promote small scale DERs (up to 5MW) to participate in flexibility services trading. Accordingly, efforts to relieve the congestions in local grid areas, the contractual flexibility services of DERs are stipulated accommodating the various requirements of DSOs. The trading setups and processes are illustrated in details as well. Additionally, the demonstration diagram of Flex-market
is also introduced in this paper. The diagram is utilized to test the feasibility and robustness of the market solutions.

Original language	English
Title of host publication	Proceedings of IEEE ISGT Europe 2013
Number of pages	5
Publisher	IEEE
Publication date	2013
Publication status	Published - 2013
Event	2013 4th IEEE PES Innovative Smart Grid Technologies Europe - Technical University of Denmark (DTU), Lyngby, Denmark Duration: 6 Oct 2013 → 9 Oct 2013 Conference number: 4 http://www.ieee-isgt-2013.eu/

Conference

Conference	2013 4th IEEE PES Innovative Smart Grid Technologies Europe
Number	4
Location	Technical University of Denmark (DTU)
Country/Territory	Denmark
City	Lyngby
Period	06/10/2013 → 09/10/2013
Internet address	http://www.ieee-isgt-2013.eu/

Keywords

Electricity market
Distributed Energy Resources (DER)
Aggregator
Flexibility Clearing House (FLECH)
Flexibility services

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title = "A Flex-market Design for Flexibility Services through DERs",

abstract = "The high penetration of distributed energy resources (DERs) will significantly challenge the power system operation due to their intermittent characteristic. In order to utilize the DERs as economically efficient as possible in the distribution grid, an Aggregator-based Flex-market is proposed in this paper. With the brand new notion of Flexibility Clearing House (FLECH), the proposed Flex-market has the ability to promote small scale DERs (up to 5MW) to participate in flexibility services trading. Accordingly, efforts to relieve the congestions in local grid areas, the contractual flexibility services of DERs are stipulated accommodating the various requirements of DSOs. The trading setups and processes are illustrated in details as well. Additionally, the demonstration diagram of Flex-marketis also introduced in this paper. The diagram is utilized to test the feasibility and robustness of the market solutions.",

keywords = "Electricity market, Distributed Energy Resources (DER), Aggregator, Flexibility Clearing House (FLECH), Flexibility services",

author = "Chunyu Zhang and Yi Ding and Jacob {\O}stergaard and Bindner, {Henrik W.} and Nordentoft, {Niels Christian} and Hansen, {Lars Henrik} and Poul Brath and Cajar, {Peder Dybdal}",

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language = "English",

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publisher = "IEEE",

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T1 - A Flex-market Design for Flexibility Services through DERs

AU - Zhang, Chunyu

AU - Ding, Yi

AU - Østergaard, Jacob

AU - Bindner, Henrik W.

AU - Nordentoft, Niels Christian

AU - Hansen, Lars Henrik

AU - Brath, Poul

AU - Cajar, Peder Dybdal

N1 - Conference code: 4

PY - 2013

Y1 - 2013

N2 - The high penetration of distributed energy resources (DERs) will significantly challenge the power system operation due to their intermittent characteristic. In order to utilize the DERs as economically efficient as possible in the distribution grid, an Aggregator-based Flex-market is proposed in this paper. With the brand new notion of Flexibility Clearing House (FLECH), the proposed Flex-market has the ability to promote small scale DERs (up to 5MW) to participate in flexibility services trading. Accordingly, efforts to relieve the congestions in local grid areas, the contractual flexibility services of DERs are stipulated accommodating the various requirements of DSOs. The trading setups and processes are illustrated in details as well. Additionally, the demonstration diagram of Flex-marketis also introduced in this paper. The diagram is utilized to test the feasibility and robustness of the market solutions.

AB - The high penetration of distributed energy resources (DERs) will significantly challenge the power system operation due to their intermittent characteristic. In order to utilize the DERs as economically efficient as possible in the distribution grid, an Aggregator-based Flex-market is proposed in this paper. With the brand new notion of Flexibility Clearing House (FLECH), the proposed Flex-market has the ability to promote small scale DERs (up to 5MW) to participate in flexibility services trading. Accordingly, efforts to relieve the congestions in local grid areas, the contractual flexibility services of DERs are stipulated accommodating the various requirements of DSOs. The trading setups and processes are illustrated in details as well. Additionally, the demonstration diagram of Flex-marketis also introduced in this paper. The diagram is utilized to test the feasibility and robustness of the market solutions.

KW - Electricity market

KW - Distributed Energy Resources (DER)

KW - Aggregator

KW - Flexibility Clearing House (FLECH)

KW - Flexibility services

M3 - Article in proceedings

BT - Proceedings of IEEE ISGT Europe 2013

PB - IEEE

T2 - 2013 4th IEEE PES Innovative Smart Grid Technologies Europe

Y2 - 6 October 2013 through 9 October 2013

ER -

A Flex-market Design for Flexibility Services through DERs

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Keywords

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