This paper proposes a novel consensus-based distributed control algorithm for solving the economic dispatch problem of distributed generators. A legacy central controller can be eliminated in order to avoid a single point of failure, relieve computational burden, maintain data privacy, and support plug-and-play functionalities. The optimal economic dispatch is achieved by allowing the iterative coordination of local agents (consumers and distributed generators). As coordination information, the local estimation of power mismatch is shared among distributed generators through communication networks and does not contain any private information, ultimately contributing to a fair electricity market. Additionally, the proposed distributed algorithm is particularly designed for easy implementation and configuration of a large number of agents in which the distributed decision making can be implemented in a simple proportional-integral (PI) or integral (I) controller. In MATLAB/Simulink simulation, the accuracy of the proposed distributed algorithm is demonstrated in a 29node system in comparison with the centralized algorithm. Scalability and a fast convergence rate are also demonstrated in a 1400-node case study. Further, the experimental test demonstrates the practical performance of the proposed distributed algorithm using the VOLTTRON TM platform and a cluster of low-cost credit-card-size single-board PCs.
Due to the rapidly-changing technologies in the power industry, many new references addressing the frameworks and business models of the next-generation retail electricity market are entering the research community. In particular, considering new customers with considerable demand response awareness and so-called prosumers with localized power generation based on distributed energy resources (DERs), the next-generation retail electricity market infrastructure will be a level playing field for local energy transactions, strategic pricing scheme design, new business model design and building an innovative energy ecosystem. Consequently, there is an urgent need to keep track of international experiences and activities taking place in the field of the market mechanism design problem at the distribution level. This paper provides a comprehensive survey of recent technology developments and aims to inspire awareness of the further deregulation of the electricity market, especially in areas close to customers. We mainly bring attention to the more than 90 articles published during the past five years. The collected literature has been divided into different sections to discuss different aspects of the next-generation retail electricity market under the deregulated power industry.
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