Abstract
To the best of our knowledge, this paper proposes for the first time a design of a continuous local flexibility market that explicitly considers network constraints. Continuous markets are expected to be the most appropriate design option during the early stages of local flexibility markets, where insufficient liquidity can hinder market development. At the same time, increasingly loaded distribution systems require to explicitly consider network constraints in local flexibility market clearing in order to help resolve rather than aggravate local network problems, such as line congestion and voltage issues. This paper defines the essential design considerations, introduces the local flexibility market clearing algorithm, and – aiming to establish a starting point for future research – discusses design options and research challenges that emerge during this procedure which require further investigation.
| Original language | English |
|---|---|
| Title of host publication | Proceedings of 2021 IEEE PowerTech |
| Number of pages | 6 |
| Publisher | IEEE |
| Publication date | 2021 |
| ISBN (Print) | 978-1-6654-1173-8 |
| DOIs | |
| Publication status | Published - 2021 |
| Event | 2021 IEEE Madrid PowerTech - Virtual Event - from the Alberto Aguilera Campus of Comillas University, Madrid, Spain Duration: 28 Jun 2021 → 2 Jul 2021 Conference number: 14 https://www.powertech2021.com/ |
Conference
| Conference | 2021 IEEE Madrid PowerTech |
|---|---|
| Number | 14 |
| Location | Virtual Event - from the Alberto Aguilera Campus of Comillas University |
| Country/Territory | Spain |
| City | Madrid |
| Period | 28/06/2021 → 02/07/2021 |
| Internet address |
Keywords
- Continuous market clearing
- Local flexibility market
- Network-aware reserve procurement