On convex relaxation-based distribution locational marginal prices

Anna Winnicki, Mariola Ndrio, Subhonmesh Bose

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

We investigate and analyze properties of convex relaxation based prices to compensate distributed energy resources (DERs) connected to a radial distribution grid. Our main contribution is the identification of sufficient conditions under which this distribution locational marginal pricing (DLMP) mechanism supports an efficient market equilibrium and is revenue adequate. We illustrate our analysis through examples.

Original languageEnglish (US)
Title of host publication2020 IEEE Power and Energy Society Innovative Smart Grid Technologies Conference, ISGT 2020
PublisherInstitute of Electrical and Electronics Engineers Inc.
ISBN (Electronic)9781728131030
DOIs
StatePublished - Feb 2020
Event2020 IEEE Power and Energy Society Innovative Smart Grid Technologies Conference, ISGT 2020 - Washington, United States
Duration: Feb 17 2020Feb 20 2020

Publication series

Name2020 IEEE Power and Energy Society Innovative Smart Grid Technologies Conference, ISGT 2020

Conference

Conference2020 IEEE Power and Energy Society Innovative Smart Grid Technologies Conference, ISGT 2020
CountryUnited States
CityWashington
Period2/17/202/20/20

Keywords

  • Convex relaxation
  • Efficient market equilibrium
  • Locational marginal prices
  • Revenue adequacy

ASJC Scopus subject areas

  • Artificial Intelligence
  • Energy Engineering and Power Technology
  • Electrical and Electronic Engineering
  • Safety, Risk, Reliability and Quality
  • Control and Optimization

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