Fair Pricing for Time-Flexible Smart Energy Markets

The adoption of new market mechanisms - vital to the better integration of flexible assets - depends on the fairness and nondiscrimination of the pricing rules. We consider a market setting with time-flexible unit energy buyers and sellers, that additionally submit their availability in time. The time-flexibility of the agents allows for...

Electricity Markets for DC Distribution Systems: Locational Pricing Trumps Wholesale Pricing

DC distribution systems are a promising alternative to existing AC distribution systems. They connect customers to local energy sources without conversion, thus reducing power losses. However, the unique features of DC impose strict requirements for system operation compared to AC. Within the context of a liberalized energy market, this...

Markets for Direct Current Distribution Systems: Towards Energy-based vs Flex-based Designs

Direct Current Distribution System (DCDS), a promising alternative to existing AC systems, connect customers to DC energy sources without AC/DC conversion. The unique features of DC, including the power-voltage coupling effect, impose different requirements to DCDS operation compared to AC. Addressing a liberalized energy market, this paper...

Electricity Markets for DC Distribution Systems: Design Options

DC distribution systems (DCDSs) are a promising alternative to AC systems because they remove AC-DC conversions between renewable sources and loads. Their unique features compared to AC include low system inertia, strict power limits and power–voltage coupling. In a liberalised electricity market, merely applying an AC market design to a DCDS...

Electricity Market for Direct Current Distribution Systems: Exploring the Design Space

Direct current distribution systems (DCDS), which connect local prosumers directly to community grids without AC/DC conversions, are a promising alternative to AC systems. While regulations call for market-based operation, existing markets for AC systems do not meet DC requirements and cannot be applied to a DCDS. This paper develops a design...