A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
Local Energy Markets: Paving the Path Towards Fully Transactive Energy Systems
Triggered by the increased fluctuations of renewable energy sources, the European Commission stated the need for integrated short-term energy markets (e.g., intraday), and recognized the facilitating role that local energy communities could play. In particular, microgrids and energy communities are expected to play a crucial part in guaranteeing the balance between generation and consumption on a local level. Local energy markets empower small players and provide a stepping stone towards fully transactive energy systems. In this paper we evaluate such a fully integrated transactive system by (1) modelling the energy resource management problem of a microgrid under uncertainty considering flexible loads and market participation (solved via two-stage stochastic programming), (2) modelling a wholesale market and a local market, and (3) coupling these elements into an integrated transactive energy simulation. Results under a realistic case study (varying prices and competitiveness of local markets) show the effectiveness of the transactive system resulting in a reduction of up to 75/% of the expected costs when local markets and flexibility are considered. This illustrates how local markets can facilitate the trade of energy, thereby increasing the tolerable penetration of renewable resources and facilitating the energy transition. ; Manuscript received August, 2017. This work has received funding from the European Union's Horizon 2020 research and innovation programme under the Marie Sklodowska-Curie grant agreement No 641794 (project DREAM-GO) and grant agreement No 703689 (project ADAPT), and from FEDER Funds through COMPETE program and from National Funds through FCT under the project UID/EEA/00760/2013. This work was partially supported by the ERA-Net Smart Grids Plus project Grid-Friends, with support from the European Union's Horizon 2020 research and innovation programme. F. Lezama, J. Soares, and Z. Vale are with GECAD Research Group, School of Engineering, Polytechnic of Porto, Portugal (email: {flzcl, joaps, zav}@isep.ipp.pt). P. Hernandez-Leal and M. Kaisers are with Centrum Wiskunde & Informatica, Amsterdam, the Netherlands (email: {Pablo.Hernandez, Michael.Kaisers}@cwi.nl). T. Pinto is with BISITE research group, University of Salamanca, Spain (e-mail: tpinto@usal.es).
Local Energy Markets: Paving the Path Towards Fully Transactive Energy Systems
Triggered by the increased fluctuations of renewable energy sources, the European Commission stated the need for integrated short-term energy markets (e.g., intraday), and recognized the facilitating role that local energy communities could play. In particular, microgrids and energy communities are expected to play a crucial part in guaranteeing the balance between generation and consumption on a local level. Local energy markets empower small players and provide a stepping stone towards fully transactive energy systems. In this paper we evaluate such a fully integrated transactive system by (1) modelling the energy resource management problem of a microgrid under uncertainty considering flexible loads and market participation (solved via two-stage stochastic programming), (2) modelling a wholesale market and a local market, and (3) coupling these elements into an integrated transactive energy simulation. Results under a realistic case study (varying prices and competitiveness of local markets) show the effectiveness of the transactive system resulting in a reduction of up to 75/% of the expected costs when local markets and flexibility are considered. This illustrates how local markets can facilitate the trade of energy, thereby increasing the tolerable penetration of renewable resources and facilitating the energy transition. ; Manuscript received August, 2017. This work has received funding from the European Union's Horizon 2020 research and innovation programme under the Marie Sklodowska-Curie grant agreement No 641794 (project DREAM-GO) and grant agreement No 703689 (project ADAPT), and from FEDER Funds through COMPETE program and from National Funds through FCT under the project UID/EEA/00760/2013. This work was partially supported by the ERA-Net Smart Grids Plus project Grid-Friends, with support from the European Union's Horizon 2020 research and innovation programme. F. Lezama, J. Soares, and Z. Vale are with GECAD Research Group, School of Engineering, Polytechnic of Porto, Portugal (email: {flzcl, joaps, zav}@isep.ipp.pt). P. Hernandez-Leal and M. Kaisers are with Centrum Wiskunde & Informatica, Amsterdam, the Netherlands (email: {Pablo.Hernandez, Michael.Kaisers}@cwi.nl). T. Pinto is with BISITE research group, University of Salamanca, Spain (e-mail: tpinto@usal.es).
Local Energy Markets: Paving the Path Towards Fully Transactive Energy Systems
Fernando Lezama (author) / Joao Soares (author) / Pablo Hernandez-Leal (author) / Michael Kaisers (author) / Tiago Pinto (author) / Zita Maria Almeida do Vale (author)
2018-07-16
oai:zenodo.org:1420057
IEEE Transactions on Power Systems
Article (Journal)
Electronic Resource
English
DDC:
690
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