Nonlinear and randomized pricing for distributed management of flexible loads

Papadaskalopoulos, Dimitrios; Štrbac, Goran

doi:10.1109/pesgm.2016.7741511

Cited by 1 publication

(1 citation statement)

References 2 publications

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“…Also, indirect price-based coordination strategies can increase demand volatility and reduce system stability [49]. Prices that vary nonlinearly with demand, or are randomly assigned to a subset of prosumers, can prevent new peaks from being created [50]. An intermediate approach between direct and indirect coordination could be for a VPP operator to impose restrictions on the net power demand of subscribed prosumers at particular times, to achieve a desired aggregate response [51].…”

Section: Box 1| Strategies For Coordinating Ders Into Vppsmentioning

confidence: 99%

Using peer-to-peer energy-trading platforms to incentivize prosumers to form federated power plants

et al. 2018

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Power networks are undergoing a fundamental transition, with traditionally passive consumers becoming 'prosumers' -proactive consumers with distributed energy resources, actively managing their consumption, production and storage of energy. A key question that remains unresolved is, how can we incentivise coordination between vast numbers of distributed energy resources, each with different owners and characteristics? Virtual power plants and peer-to-peer energy trading offer different sources of value to prosumers and the power network and have been proposed as different potential structures for future prosumer electricity markets. In this Perspective, we argue they can be combined to capture the benefits of both. We thus propose the concept of the federated power plant, a virtual power plant formed through peer-to-peer transactions between self-organising prosumers. This addresses social, institutional and economic issues faced by top-down strategies for coordinating virtual power plants, while unlocking additional value for peer-to-peer energy trading.

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Section: Box 1| Strategies For Coordinating Ders Into Vppsmentioning

confidence: 99%