Systematic design of market-based balancing arrangements for deregulated power systems : an asynchronous solution

J.H. Verberk; R.M. Hermans; P.P.J. Bosch, van den; A. Jokic; J. Frunt

doi:10.1109/PTC.2011.6019346

Systematic design of market-based balancing arrangements for deregulated power systems : an asynchronous solution

J.H. Verberk
, R.M. Hermans
, P.P.J. Bosch, van den
, A. Jokic
, J. Frunt

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › Academic › peer-review

1 Citation (Scopus)

1 Downloads (Pure)

Abstract

In the deregulated electrical energy market, network operators have to provide market participants with appropriate incentives to guarantee stable operation of the power grid. We demonstrate that the current synchronous energy-based market and incentive system do not necessarily induce power exchange profiles that contribute to grid stability and security of supply. State-of-the-art solutions for tackling the inconsistency between energy-based market mechanisms and power-related balancing objectives can decrease freedom of trade or increase market complexity. This paper provides an alternative scheduling concept as a means to overcome this issue, which relies on asynchronous settlement of energy transactions. We show that in this way, grid operation can become more robust and the strain on balancing reserves can be reduced considerably.

Original language	English
Title of host publication	Proceedings of the IEEE PES PowerTech 2011 Conference, 19-23 June 2011, Trondheim, Norway
Publisher	Institute of Electrical and Electronics Engineers
Pages	1-7
ISBN (Print)	978-1-4244-8419-5
DOIs	https://doi.org/10.1109/PTC.2011.6019346
Publication status	Published - 2011
Event	2011 IEEE PowerTech Trondheim - Trondheim, Norway Duration: 19 Jun 2011 → 23 Jun 2011

Conference

Conference	2011 IEEE PowerTech Trondheim
Abbreviated title	PowerTech 2011
Country/Territory	Norway
City	Trondheim
Period	19/06/11 → 23/06/11

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Verberk, J. H., Hermans, R. M., Bosch, van den, P. P. J., Jokic, A., & Frunt, J. (2011). Systematic design of market-based balancing arrangements for deregulated power systems : an asynchronous solution. In Proceedings of the IEEE PES PowerTech 2011 Conference, 19-23 June 2011, Trondheim, Norway (pp. 1-7). Institute of Electrical and Electronics Engineers. https://doi.org/10.1109/PTC.2011.6019346

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title = "Systematic design of market-based balancing arrangements for deregulated power systems : an asynchronous solution",

abstract = "In the deregulated electrical energy market, network operators have to provide market participants with appropriate incentives to guarantee stable operation of the power grid. We demonstrate that the current synchronous energy-based market and incentive system do not necessarily induce power exchange profiles that contribute to grid stability and security of supply. State-of-the-art solutions for tackling the inconsistency between energy-based market mechanisms and power-related balancing objectives can decrease freedom of trade or increase market complexity. This paper provides an alternative scheduling concept as a means to overcome this issue, which relies on asynchronous settlement of energy transactions. We show that in this way, grid operation can become more robust and the strain on balancing reserves can be reduced considerably.",

author = "J.H. Verberk and R.M. Hermans and \{Bosch, van den\}, P.P.J. and A. Jokic and J. Frunt",

year = "2011",

doi = "10.1109/PTC.2011.6019346",

language = "English",

isbn = "978-1-4244-8419-5",

pages = "1--7",

booktitle = "Proceedings of the IEEE PES PowerTech 2011 Conference, 19-23 June 2011, Trondheim, Norway",

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address = "United States",

note = "2011 IEEE PowerTech Trondheim, PowerTech 2011 ; Conference date: 19-06-2011 Through 23-06-2011",

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Verberk, JH, Hermans, RM, Bosch, van den, PPJ, Jokic, A & Frunt, J 2011, Systematic design of market-based balancing arrangements for deregulated power systems : an asynchronous solution. in Proceedings of the IEEE PES PowerTech 2011 Conference, 19-23 June 2011, Trondheim, Norway. Institute of Electrical and Electronics Engineers, pp. 1-7, 2011 IEEE PowerTech Trondheim, Trondheim, Norway, 19/06/11. https://doi.org/10.1109/PTC.2011.6019346

Systematic design of market-based balancing arrangements for deregulated power systems : an asynchronous solution. / Verberk, J.H.; Hermans, R.M.; Bosch, van den, P.P.J. et al.
Proceedings of the IEEE PES PowerTech 2011 Conference, 19-23 June 2011, Trondheim, Norway. Institute of Electrical and Electronics Engineers, 2011. p. 1-7.

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › Academic › peer-review

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AB - In the deregulated electrical energy market, network operators have to provide market participants with appropriate incentives to guarantee stable operation of the power grid. We demonstrate that the current synchronous energy-based market and incentive system do not necessarily induce power exchange profiles that contribute to grid stability and security of supply. State-of-the-art solutions for tackling the inconsistency between energy-based market mechanisms and power-related balancing objectives can decrease freedom of trade or increase market complexity. This paper provides an alternative scheduling concept as a means to overcome this issue, which relies on asynchronous settlement of energy transactions. We show that in this way, grid operation can become more robust and the strain on balancing reserves can be reduced considerably.

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ER -

Systematic design of market-based balancing arrangements for deregulated power systems : an asynchronous solution

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