8,745 research outputs found
Smart Grid Technologies in Europe: An Overview
The old electricity network infrastructure has proven to be inadequate, with respect to modern challenges such as alternative energy sources, electricity demand and energy saving policies. Moreover, Information and Communication Technologies (ICT) seem to have reached an adequate level of reliability and flexibility in order to support a new concept of electricity networkâthe smart grid. In this work, we will analyse the state-of-the-art of smart grids, in their technical, management, security, and optimization aspects. We will also provide a brief overview of the regulatory aspects involved in the development of a smart grid, mainly from the viewpoint of the European Unio
New actor types in electricity market simulation models: Deliverable D4.4
Project TradeRES - New Markets Design & Models for 100% Renewable Power Systems: https://traderes.eu/about/ABSTRACT: The modelling of agents in the simulation models and tools is of primary importance if the quality and the validity of the simulation outcomes are at stake. This is the first version of the report that deals with the representation of electricity market actorsâ in the agent based models (ABMs) used in TradeRES project. With the AMIRIS, the EMLab-Generation (EMLab), the MASCEM and the RESTrade models being in the centre of the analysis, the subject matter of this report has been the identification of the actorsâ characteristics that are
already covered by the initial (with respect to the project) version of the models and the presentation of the foreseen modelling enhancements. For serving these goals, agent attributes and representation methods, as found in the literature of agent-driven models, are considered initially. The detailed review of such aspects offers the necessary background and supports the formation of a context that facilitates the mapping of actorsâ characteristics to agent modelling approaches. Emphasis is given in several approaches and technics found in the literature for the development of a broader environment, on which part of the later analysis is deployed. Although the ABMs that are used in the project constitute an important part of the literature, they have not been
included in the review since they are the subject of another section.N/
Peer-to-peer and community-based markets: A comprehensive review
The advent of more proactive consumers, the so-called "prosumers", with
production and storage capabilities, is empowering the consumers and bringing
new opportunities and challenges to the operation of power systems in a market
environment. Recently, a novel proposal for the design and operation of
electricity markets has emerged: these so-called peer-to-peer (P2P) electricity
markets conceptually allow the prosumers to directly share their electrical
energy and investment. Such P2P markets rely on a consumer-centric and
bottom-up perspective by giving the opportunity to consumers to freely choose
the way they are to source their electric energy. A community can also be
formed by prosumers who want to collaborate, or in terms of operational energy
management. This paper contributes with an overview of these new P2P markets
that starts with the motivation, challenges, market designs moving to the
potential future developments in this field, providing recommendations while
considering a test-case
Catching Cheats: Detecting Strategic Manipulation in Distributed Optimisation of Electric Vehicle Aggregators
Given the rapid rise of electric vehicles (EVs) worldwide, and the ambitious
targets set for the near future, the management of large EV fleets must be seen
as a priority. Specifically, we study a scenario where EV charging is managed
through self-interested EV aggregators who compete in the day-ahead market in
order to purchase the electricity needed to meet their clients' requirements.
With the aim of reducing electricity costs and lowering the impact on
electricity markets, a centralised bidding coordination framework has been
proposed in the literature employing a coordinator. In order to improve privacy
and limit the need for the coordinator, we propose a reformulation of the
coordination framework as a decentralised algorithm, employing the Alternating
Direction Method of Multipliers (ADMM). However, given the self-interested
nature of the aggregators, they can deviate from the algorithm in order to
reduce their energy costs. Hence, we study the strategic manipulation of the
ADMM algorithm and, in doing so, describe and analyse different possible attack
vectors and propose a mathematical framework to quantify and detect
manipulation. Importantly, this detection framework is not limited the
considered EV scenario and can be applied to general ADMM algorithms. Finally,
we test the proposed decentralised coordination and manipulation detection
algorithms in realistic scenarios using real market and driver data from Spain.
Our empirical results show that the decentralised algorithm's convergence to
the optimal solution can be effectively disrupted by manipulative attacks
achieving convergence to a different non-optimal solution which benefits the
attacker. With respect to the detection algorithm, results indicate that it
achieves very high accuracies and significantly outperforms a naive benchmark
Characterization of new flexible players: Deliverable D3.2
Project TradeRES - New Markets Design & Models for 100% Renewable Power Systems: https://traderes.eu/about/ABSTRACT: The subject matter of this report is the analysis of the electricity marketsâ actorsâ scene, through the identification of actor classes and the characterisation of actors from a behavioural and an operational perspective. The technoeconomic characterization of market participants aims to support the upcoming model enhancements by aligning the agent-based model improvements with the modern market design challenges and the contemporary characteristics of players. This work has been conducted in the context of task T3.2, which focuses on the factorization of the distinctive operational and behavioural characteristics of
players in market structures. Traditional parties have been considered together with new and emerging roles, while special focus has been given on new actors related to flexible technologies and demand-side response. Among the main objectives have been the characterization of individual behaviours, objectives and requirements of different electricity market players, considering both the traditional entities and the new distributed ones, and the detailed representation of the new actors.N/
Reinventing the Utility for DERs: A Proposal for a DSO-Centric Retail Electricity Market
The increasing penetration of intermittent renewables, storage devices, and
flexible loads is introducing operational challenges in distribution grids. The
proper coordination and scheduling of these resources using a distributed
approach is warranted, and can only be achieved through local retail markets
employing transactive energy schemes. To this end, we propose a
distribution-level retail market operated by a Distribution System Operator
(DSO), which schedules DERs and determines the real-time distribution-level
Locational Marginal Price (d-LPM). The retail market is built using a
distributed Proximal Atomic Coordination (PAC) algorithm, which solves the
optimal power flow model while accounting for network physics, rendering
locationally and temporally varying d-LMPs. A numerical study of the market
structure is carried out via simulations of the IEEE-123 node network using
data from ISO-NE and Eversource in Massachusetts, US. The market performance is
compared to existing retail practices, including demand response (DR) with
no-export rules and net metering. The DSO-centric market increases DER
utilization, permits continual market participation for DR, lowers electricity
rates for customers, and eliminates the subsidies inherent to net metering
programs. The resulting lower revenue stream for the DSO highlights the
evolving business model of the modern utility, moving from commoditized markets
towards performance-based ratemaking
Ancillary Services 4.0: A Top-To-Bottom Control-Based Approach for Solving Ancillary Services Problems in Smart Grids
Power systems are experiencing a large amount of renewable generation with highly stochastic and partly unpredictable characteristics. This change in energy production implies significant consequences related to the provision of ancillary services (AS). Current markets dedicated to the provision of AS are not able to benefit from the flexible energy resources. They also cannot cope with the new level of stochasticity, non-linearity and dynamics of generation and flexibility. To overcome such issues and exploit the potential of flexibility resources, a new strategy is required. In this paper, by capitalising on flexibility resourcesâ potential, AS 4.0 approach is proposed, which offers a comprehensive solution for the AS provision in the smart grid era
Emerging business models in local energy markets: A systematic review of peer-to-peer, community self-consumption, and transactive energy models
The emergence of peer-to-peer, collective or community self-consumption, and transactive energy concepts gives rise to new configurations of business models for local energy trading among a variety of actors. Much attention has been paid in the academic literature to the transition of the underlying energy system with its macroeconomic market framework. However, fewer contributions focus on the microeconomic aspects of the broad set of involved actors. Even though specific case studies highlight single business models, a comprehensive analysis of emerging business models for the entire set of actors is missing. Following this research gap, this paper conducts a systematic literature review of 135 peer-reviewed journal articles to examine business models of actors operating in local energy markets. From 221 businesses in the reviewed literature, nine macro-actor categories are identified. For each type of market actor, a business model archetype is determined and characterised using the business model canvas. The key elements of each business model archetype are discussed, and areas are highlighted where further research is needed. Finally, this paper outlines the differences of business models for their presence in the three local energy market models. Focusing on the identified customers and partner relationships, this study highlights the key actors per market model and the character of the interactions between market participants
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