Preprint article · Conference paper
Design of a Continuous Local Flexibility Market with Network Constraints
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 in order to help resolve rather than aggravate local network problems, such as line congestion and voltage issues. This paper defines the essential design considerations, introduces the local flexibility market clearing algorithm, and – aiming to establish a starting point for future research – discusses design options and research challenges that emerge during this procedure which require further investigation.
Language: | English |
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Publisher: | IEEE |
Year: | 2021 |
Pages: | 1-6 |
Proceedings: | 2021 IEEE Madrid PowerTech |
ISBN: | 1665435976 , 9781665435970 , 1665411732 and 9781665411738 |
Types: | Preprint article and Conference paper |
DOI: | 10.1109/PowerTech46648.2021.9494978 |
ORCIDs: | Prat, Eléa , Herre, Lars Finn , Kazempour, Jalal and Chatzivasileiadis, Spyros |
Knowledge engineering Load flow Power markets Procurement Reactive power appropriate design option continuous local flexibility market continuous market clearing distribution networks loaded distribution systems local flexibility market local flexibility market clearing algorithm local network problems market development math.OC network constraints network-aware reserve procurement power markets