A Transactive Retail Market Mechanism for Active Distribution Network Integrated with Large-scale Distributed Energy Resources
Chunyi Huang, Chengmin Wang, Mingzhi Zhang, Ning Xie, Yong Wang

TL;DR
This paper introduces a novel transactive retail market mechanism designed to enhance active participation of distributed energy resources in deregulated electricity markets, improving efficiency and reducing market failures.
Contribution
It develops a bi-level DSO-driven framework with a second-order cone AC power flow model and transforms it into a solvable mixed-integer semidefinite program for better market operation.
Findings
Improves market efficiency and competitiveness
Eliminates market power and failures
Validates effectiveness through case study
Abstract
The burgeoning integration of distributed energy resources (DER) poses new challenges for the economic and safe operation of the electricity system. The current distribution-side policy is largely based on mandatory regulations and incentives, rather than the design of a competitive market mechanism to arouse DERs to freely compete in the retail market. To address this issue, we proposed a transactive retail market mechanism to attract the active participation of profit-driven DER retailers in a deregulated way. Considering the limited competitive property of the retail market, a bi-level DSO-dominated framework is constructed to simulate the virtual game between distribution system operator (DSO) and DER retailers. Specifically, the flexible interval pricing of retailers is modeled as a series of binary revenue constraints to influence the DSO's centralized economic dispatch decisions,…
Peer Reviews
No public reviews on file for this paper yet. If you reviewed it on a platform where reviews are public (OpenReview, ICLR, NeurIPS, ICML), you can paste yours below so the community can read it here.
Videos
No videos yet. Explain this paper in a talk, walkthrough, or lecture? Add one.
