Implementation and evaluation of an electricity market operated at district level

M. Ampatzis, H.P. Nguyen, W.L. Kling

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

6 Citations (Scopus)
1 Downloads (Pure)

Abstract

The increasing penetration of distributed energy resources (DERs) in the distribution grid, in combination with the liberalization of the electricity markets, introduces small-scale electricity producers in a market architecture designed for large-scale power plants. This work examines a double-auction electricity market for a residential area, designed to facilitate the electricity exchange between local consumers and prosumers. The motivation for implementing such a market is twofold. First, to integrate DERs in the electricity market architecture. Second, to ensure the economic viability of renewable energy generators in the absence of subsidized support schemes. In this work, a local market structure with photovoltaic (PV) generators and dispatchable fuel-based generators is considered as a use-case to examine the efficiency of the local electricity market. The efficiency of the market is determined by comparing the average market price of the double auction to the competitive price of the market operating ideally.
Original languageEnglish
Title of host publication2015 IEEE Eindhoven PowerTech, 29 June - 2 July 2015, Eindhoven, The Netherlands
Place of PublicationPiscataway
PublisherInstitute of Electrical and Electronics Engineers
Pages1-6
Number of pages6
DOIs
Publication statusPublished - 2 Jul 2015
Event2015 IEEE Power Tech - Eindhoven, Netherlands
Duration: 29 Jun 20152 Jul 2015
http://powertech2015-eindhoven.tue.nl/

Conference

Conference2015 IEEE Power Tech
CountryNetherlands
CityEindhoven
Period29/06/152/07/15
Internet address

Keywords

  • distributed power generation, power system economics, multi-agent system, smart grids

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