A survey on the participation of distributed energy resources in balancing markets

Mana Farrokhseresht, Nikolaos G. Paterakis, Madeleine Gibescu, Yaser Tohidi, J. G. Slootweg

Research output: Chapter in Book/Report/Conference proceedingConference contributionAcademicpeer-review

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Abstract

Distributed Energy Resources (DER) participation in the conventional balancing market operated centrally by the Transmission System Operator (TSO) presents challenges such as neglecting the operational constraints of Distribution System Operators (DSO) and increased communication requirements from many small units. Participation of DER in a DSO-operated local balancing market can mitigate these challenges to some extent. However, in such a market model, if operated independently from the central balancing market, individual costs for the TSO and the DSO might be higher. Therefore, the coordination between the TSO and the DSO is important to ensure that the global cost to the system is minimized. Apart from the market design, there are other issues related to the participation of DER in balancing markets such as minimum bid size, which can be mitigated through the use of aggregators, and the imbalance settlement process, which involves penalizing or rewarding participants through various pricing mechanisms. This paper reviews most of the features necessary for a successful participation of DER in balancing markets, including different market architectures, the role of aggregators and pricing mechanisms in balancing markets.

Original languageEnglish
Title of host publication15th International Conference on the European Energy Market, EEM 2018
Place of PublicationPiscataway
PublisherIEEE Computer Society
Number of pages5
ISBN (Electronic)978-1-5386-1488-4
ISBN (Print) 978-1-5386-1489-1
DOIs
Publication statusPublished - 20 Sep 2018
Event15th International Conference on the European Energy Market, EEM 2018 - Lodz, Poland
Duration: 27 Jun 201829 Jun 2018

Conference

Conference15th International Conference on the European Energy Market, EEM 2018
CountryPoland
CityLodz
Period27/06/1829/06/18

Fingerprint

Energy resources
Costs
Participation
Operator
Communication
Distribution system

Keywords

  • Aggregator
  • Balancing market
  • Distributed Energy Resources
  • TSO-DSO coordination

Cite this

Farrokhseresht, M., Paterakis, N. G., Gibescu, M., Tohidi, Y., & Slootweg, J. G. (2018). A survey on the participation of distributed energy resources in balancing markets. In 15th International Conference on the European Energy Market, EEM 2018 [8469948] Piscataway: IEEE Computer Society. https://doi.org/10.1109/EEM.2018.8469948
Farrokhseresht, Mana ; Paterakis, Nikolaos G. ; Gibescu, Madeleine ; Tohidi, Yaser ; Slootweg, J. G. / A survey on the participation of distributed energy resources in balancing markets. 15th International Conference on the European Energy Market, EEM 2018. Piscataway : IEEE Computer Society, 2018.
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Farrokhseresht, M, Paterakis, NG, Gibescu, M, Tohidi, Y & Slootweg, JG 2018, A survey on the participation of distributed energy resources in balancing markets. in 15th International Conference on the European Energy Market, EEM 2018., 8469948, IEEE Computer Society, Piscataway, 15th International Conference on the European Energy Market, EEM 2018, Lodz, Poland, 27/06/18. https://doi.org/10.1109/EEM.2018.8469948

A survey on the participation of distributed energy resources in balancing markets. / Farrokhseresht, Mana; Paterakis, Nikolaos G.; Gibescu, Madeleine; Tohidi, Yaser; Slootweg, J. G.

15th International Conference on the European Energy Market, EEM 2018. Piscataway : IEEE Computer Society, 2018. 8469948.

Research output: Chapter in Book/Report/Conference proceedingConference contributionAcademicpeer-review

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Farrokhseresht M, Paterakis NG, Gibescu M, Tohidi Y, Slootweg JG. A survey on the participation of distributed energy resources in balancing markets. In 15th International Conference on the European Energy Market, EEM 2018. Piscataway: IEEE Computer Society. 2018. 8469948 https://doi.org/10.1109/EEM.2018.8469948