Load Participation in Electricity Markets: Day-Ahead and Hour-Ahead Market Coupling with Wholesale/Transmission and Retail/Distribution Cost and Congestion Modeling

Author

Caramanis, Michael C. ; Foster, Justin M. ; Goldis, Evegeniy A.

Author_Institution

Boston Univ., Boston, MA, USA

fYear

2010

fDate

4-6 Oct. 2010

Firstpage

513

Lastpage

518

Abstract

We consider load-side participation in electricity markets construed broadly to include energy as well as reserve transactions. Extending work in optimal plug-in-hybrid electric vehicle (PHEV) charging, we develop a decision support tool for load-side participation in energy markets, recognizing that it must be responsive to local distribution network dynamic congestion and marginal line loses. We address the related sequential day-ahead and hour-ahead/real-time markets by modeling the interaction of a Load Aggregator (LA) participating in the transmission-level wholesale electricity market with its Smart Microgrid Affiliates (SMAs) connected at the distribution network. We optimize bidding of the LA to the day-ahead market coordinated with real-time market bidding of both the LA and SMAs.

Keywords

hybrid electric vehicles; load distribution; power distribution economics; power markets; smart power grids; SMA; decision support tool; distribution network; dynamic congestion; electricity markets; load aggregator; load participation; local distribution network; marginal line loses; plug-in-hybrid electric vehicle; smart microgrid affiliates; Buildings; Equations; Marketing and sales; Power system dynamics; Real time systems; Wind forecasting;

fLanguage

English

Publisher

ieee

Conference_Titel

Smart Grid Communications (SmartGridComm), 2010 First IEEE International Conference on

Conference_Location

Gaithersburg, MD

Print_ISBN

978-1-4244-6510-1

Type

conf

DOI

10.1109/SMARTGRID.2010.5622096

Filename

5622096