Congestion management in a smart grid via shadow prices

Benjamin Biegel, Palle Andersen, Jakob Stoustrup, Jan Dimon Bendtsen

Research output: Contribution to book/anthology/report/conference proceedingArticle in proceedingResearchpeer-review

68 Citations (Scopus)
1112 Downloads (Pure)

Abstract

We consider a distribution grid interconnecting a number of consumers with flexible power consumption. Each consumer is under the jurisdiction of exactly one balancing responsible party (BRP), who buys energy at a day-ahead electricity market on behalf of the consumer. We illustrate how BRPs can utilize the flexibility of the consumers to minimize the imbalance between the consumed and the purchased energy thereby avoiding trading balancing energy at unfavorable prices. Further we show how shadow prices on the distribution lines can be used to
resolve grid congestion without information sharing between the BRPs.
Original languageEnglish
Title of host publication8th IFAC Symposium on Power Plant and Power System Control
Number of pages6
Place of PublicationToulouse France
PublisherElsevier
Publication date2012
Pages518-523
ISBN (Print)978-3-902823-24-3
DOIs
Publication statusPublished - 2012
Event8th IFAC Symposium on Power Plant and Power System Control - Toulouse, France
Duration: 2 Sept 20125 Sept 2012

Conference

Conference8th IFAC Symposium on Power Plant and Power System Control
Country/TerritoryFrance
CityToulouse
Period02/09/201205/09/2012
SeriesI F A C Workshop Series
ISSN1474-6670

Keywords

  • Predictive control
  • Smart power applications
  • Dual composition control

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