TY - JOUR
T1 - Wholesale Market Participation of DERAs
T2 - DSO-DERA-ISO Coordination
AU - Chen, Cong
AU - Bose, Subhonmesh
AU - Mount, Timothy D.
AU - Tong, Lang
N1 - This work was supported in part by the National Science Foundation under Awards 2218110 and 2038775, and in part by the Power Systems and Engineering Research Center (PSERC) Research Project M-46. An earlier version of this paper was accepted by the 2023 IEEE Power & Energy Society GeneralMeeting (PESGM) [DOI: 10.1109/PESGM52003.2023.10252268].
PY - 2024
Y1 - 2024
N2 - Distributed energy resource aggregators (DERAs) must share the distribution network together with the distribution utility in order to participate in the wholesale electricity markets that are operated by independent system operators (ISOs). We propose a forward auction that a distribution system operator (DSO) can utilize to allocate distribution network access limits to DERAs. As long as the DERAs operate within their acquired limits, these limits define operating envelopes that guarantee distribution network security, thus defining a mechanism that requires no real-time intervention from the DSOs for DERAs to participate in the wholesale markets. Our auctions take the form of robust and risk-sensitive markets with bids/offers from DERAs and utility's operational costs. Properties of the proposed auction, e.g., resulting surpluses of DSO and the DERAs, and the auction prices, along with empirical performance studies, are presented.
AB - Distributed energy resource aggregators (DERAs) must share the distribution network together with the distribution utility in order to participate in the wholesale electricity markets that are operated by independent system operators (ISOs). We propose a forward auction that a distribution system operator (DSO) can utilize to allocate distribution network access limits to DERAs. As long as the DERAs operate within their acquired limits, these limits define operating envelopes that guarantee distribution network security, thus defining a mechanism that requires no real-time intervention from the DSOs for DERAs to participate in the wholesale markets. Our auctions take the form of robust and risk-sensitive markets with bids/offers from DERAs and utility's operational costs. Properties of the proposed auction, e.g., resulting surpluses of DSO and the DERAs, and the auction prices, along with empirical performance studies, are presented.
KW - behind-the-meter distributed generation
KW - Biological system modeling
KW - DERA and DER aggregation
KW - Distribution networks
KW - ISO
KW - Mathematical models
KW - network access allocation mechanism
KW - Real-time systems
KW - Resource management
KW - Stochastic processes
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U2 - 10.1109/TPWRS.2024.3352003
DO - 10.1109/TPWRS.2024.3352003
M3 - Article
AN - SCOPUS:85182941015
SN - 0885-8950
VL - 39
SP - 6605
EP - 6614
JO - IEEE Transactions on Power Systems
JF - IEEE Transactions on Power Systems
IS - 5
ER -