Smart grid market using joint energy and ancillary services bids

Tiago Soares, Hugo Morais, Pedro Faria, Zita Vale

Research output: Chapter in Book/Report/Conference proceedingArticle in proceedingsResearchpeer-review

Abstract

The power systems operation in the smart grid context increases significantly the complexity of their management. New approaches for ancillary services procurement are essential to ensure the operation of electric power systems with appropriate levels of stability, safety, quality, equity and competitiveness. These approaches should include market mechanisms which allow the participation of small and medium distributed energy resources players in a competitive market environment. In this paper, an energy and ancillary services joint market model used by an aggregator is proposed, considering bids of several types of distributed energy resources. In order to improve economic efficiency in the market, ancillary services cascading market mechanism is also considered in the model. The proposed model is included in MASCEM — a multi-agent system electricity market simulator. A case study considering a distribution network with high penetration of distributed energy resources is presented.
Original languageEnglish
Title of host publicationProceedings of 2013 IEEE Powertech Grenoble
PublisherIEEE
Publication date2013
ISBN (Print)9781467356695
DOIs
Publication statusPublished - 2013
Externally publishedYes
Event2013 IEEE Grenoble PowerTech - Grenoble, France
Duration: 16 Jun 201320 Jun 2013

Conference

Conference2013 IEEE Grenoble PowerTech
CountryFrance
CityGrenoble
Period16/06/201320/06/2013

Keywords

  • Power, Energy and Industry Applications
  • Ancillary Services
  • Electricity Markets
  • Multiagent systems
  • Smart grids
  • Virtual Power Players

Fingerprint Dive into the research topics of 'Smart grid market using joint energy and ancillary services bids'. Together they form a unique fingerprint.

Cite this