Virtual power plants leveraging energy flexibility in regional markets

Thomas, D. L.; Iain, Miller; Geach, Dale

doi:10.1049/oap-cired.2017.0867

Cited by 8 publications

(8 citation statements)

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“…Conventional energy markets rely on several energy producers who sell energy to consumers. With the trend towards distributed renewable energy resources such as solar and wind energy, traditional energy consumers are becoming prosumers (they can produce or consume energy), giving them the opportunity to participate in energy trading markets [27]. However, most of the current energy trading markets are one-sided and depending on traditional energy providers, who sell energy to consumers at a higher price while buying energy from prosumers at a lower price [28], [29].…”

Section: B Renewable Energy Trading Managementmentioning

confidence: 99%

Blockchain-Based Distributed Renewable Energy Management Framework

Alsunaidi

Khan

2022

IEEE Access

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Most of the world's countries are concerned with reducing harmful gas emissions. Some governments have made considerable attempts to address this problem. Saudi Arabia, for example, has taken significant steps to utilize renewable energy (RE) sources in addition to oil and gas. Consumers are encouraged to build small RE systems. These small grids will help people meet their daily electrical energy requirements. They can sell the excess to other customers. One of the major issues is managing the distribution and sale of RE. Blockchain-based peer-to-peer (P2P) networks can help overcome several obstacles to the implementation of a distributed RE management system (DREMS). However, several impediments may still stand in the way of its execution. Scalability and productivity are two of the most important considerations. The number of transactions made to the Blockchain network will increase in lockstep with the number of energy consumers. This will result in a significant lag in response. Understanding the renewable distributed energy system will aid in minimizing the effects of these roadblocks. Therefore, this research identifies the RE systems installation approaches, and how Blockchain technology can be utilized. It provides the solution requirements of any DREMS. Moreover, it proposes a new Blockchain-based framework for DREMS. And designs selective protocols of the proposed framework. The designed protocols are evaluated through a comparative analysis with the state of the art identified requirements.INDEX TERMS Blockchain, distributed management, microgrid, renewable energy.

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Section: B Renewable Energy Trading Managementmentioning

confidence: 99%

Blockchain-Based Distributed Renewable Energy Management Framework

Alsunaidi

Khan

2022

IEEE Access

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Section: Literature Review and Contributionsmentioning

confidence: 99%

“…Some recent works [18][19][20][21][22][23][24][25][26][27] have proposed some suitable and closely related approaches on DSO congestion management. A distributed control strategy was suggested in [18], focused on a market splitting grids into nodes and using directly-controlled, automatic smart devices to optimise the profitability potential of each household. In this model, the system operators are responsible for implementing energy auctions without considering local flexibility market (LFM) services to maximise overall market surplus.…”

Section: Literature Review and Contributionsmentioning

confidence: 99%

Modelling and analysis of virtual power plants interactive operational characteristics in distribution systems

Ullah¹,

Mirjat

2021

Energy Conversion and Econom

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This study provides an overview of virtual power plants as aggregated flexibility service providers in distribution systems. The integration of photovoltaic energy sources increases uncertainty regarding the operation of distribution grids, impacting power quality. Innovative ideas are therefore needed to support the migration of traditional systems toward a smart grid. A virtual power plant could make use of the flexibility of emerging technologies to address these power quality and grid operation issues. To this end, this study introduces a new concept describing a location-specific interactive flexibility market framework in the context of a virtual power plant setting. In this proposed setting, flexibility providers (i.e. prosumers) can support location-based services in distribution systems. These services would reasonably alleviate the need to upgrade or substitute power capacity cost-effectively and facilitate the reliable and safe operation of the distribution grid. A direct control algorithm is designed and developed for the market studied, which was implemented to verify its efficacy experimentally. The efficiency of the proposed mathematical model and method is confirmed by the results of a case study using the UK-16 busbar generic distribution system, and finally some specific conclusions are drawn regarding the application of the proposed method.

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“…Traditional DSOs are recently and in the future burdened with various new responsibilities. First, they should, for example, handle the data received from smart meters, and manage and utilize them for the purpose of forecasting, risk management, scheduling and planning of distribution systems [44]. Second, managing local markets in the distribution systems level can be in the future one of the new responsibilities of the DSOs and they should simultaneously ensure that the system constraints are not violated.…”

Section: Flexibility At Dso Levelmentioning

confidence: 99%

Towards Flexibility Trading at TSO-DSO-Customer Levels: A Review

et al. 2019

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The serious problem of climate change has led the energy sector to modify its generation resources from fuel-based power plants to environmentally friendly renewable resources. However, these green resources are highly intermittent due to weather dependency and they produce increased risks of stability issues in power systems. The deployment of different flexible resources can help the system to become more resilient and secure against uncertainties caused by renewables. Flexible resources can be located at different levels in power systems like, for example, at the transmission-level (TSO), distribution-level (DSO) and customer-level. Each of these levels may have different structures of flexibility trading as well. This paper conducts a comprehensive review from the recent research related to flexible resources at various system levels in smart grids and assesses the trading structures of these resources. Finally, it analyzes the application of a newly emerged ICT technology, blockchain, in the context of flexibility trading.

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Virtual power plants leveraging energy flexibility in regional markets

Cited by 8 publications

References 0 publications

Blockchain-Based Distributed Renewable Energy Management Framework

Blockchain-Based Distributed Renewable Energy Management Framework

Modelling and analysis of virtual power plants interactive operational characteristics in distribution systems

Towards Flexibility Trading at TSO-DSO-Customer Levels: A Review

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