Design of a Continuous Local Flexibility Market with Network Constraints

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    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 languageEnglish
    Title of host publicationProceedings of 2021 IEEE PowerTech
    Number of pages6
    PublisherIEEE
    Publication date2021
    ISBN (Print)978-1-6654-1173-8
    DOIs
    Publication statusPublished - 2021
    Event2021 IEEE Madrid PowerTech - Virtual Event - from the Alberto Aguilera Campus of Comillas University, Madrid, Spain
    Duration: 28 Jun 20212 Jul 2021
    Conference number: 14
    https://www.powertech2021.com/

    Conference

    Conference2021 IEEE Madrid PowerTech
    Number14
    LocationVirtual Event - from the Alberto Aguilera Campus of Comillas University
    Country/TerritorySpain
    CityMadrid
    Period28/06/202102/07/2021
    Internet address

    Keywords

    • Continuous market clearing
    • Local flexibility market
    • Network-aware reserve procurement

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