Design of a Continuous Local Flexibility Market with Network Constraints
@article{Prat2021DesignOA, title={Design of a Continuous Local Flexibility Market with Network Constraints}, author={El'ea Prat and Lars Herre and Jalal Kazempour and Spyros Chatzivasileiadis}, journal={2021 IEEE Madrid PowerTech}, year={2021}, pages={1-6} }
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…
4 Citations
Network-Aware Flexibility Requests for Distribution-Level Flexibility Markets
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This paper introduces a method to design network-aware flexibility requests from a DSO perspective, and compares the approach against a stochastic market clearing mechanism, which serves as a benchmark, deriving analytical conditions for their performance.
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A continuous local flexibility market which includes both network constraints and asymmetric block bids is introduced and an algorithm that can accurately determine the upper and lower bound of the social welfare loss compared with an auction-based clearing model is proposed.
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The FLEXGRID project develops a digital platform designed to offer Digital Energy Services (DESs) that facilitate energy sector stakeholders (i.e. Distribution System Operators - DSOs, Transmission…
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