NDLI: Planning a decentralised and bi-directional market-based management system

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IET Science, Measurement & Technology

IET Signal Processing

IET Wireless Sensor Systems

Micro & Nano Letters

The Journal of Engineering

Planning a decentralised and bi-directional market-based management system

Content Provider	IET Digital Library
Author	Hejeejo, Rashid Qiu, Jing Mirzaeva, Galina
Abstract	The increases in renewable current sources, prosumers and decentralised control generation in centralised grids have increased the fluctuations in electricity costs, increased the bi-direction power flow problems and changed the operation and investment of the centralised grid. These new constraints have to be observed to manage the design of the market, the new management near the load and the new operators for the power system. This study proposes a stochastic framework for the centralised grid with a market-based, decentralised management and bi-directional power flow of mixed generators of electrical energy. A decentralised and bi-directional market-based management system (DBMBMS) model is developed which considers the operation costs, security and reliability of the centralised grid, the spot market price, weather changes and the fluctuations in the load. A differential evolution technique with a Monte Carlo program is used in aggregation with bi-directional power flows to find the optimal solutions, depending on the uncertainties of the centralised grid. Using a DBMBMS model, optimal load and price management are then realised, based on the decision-maker's choices. The impacts of this new management system on the reduction of the total electricity prices of the different power sources are analysed and illustrated with practical case studies.
Starting Page	1555
Ending Page	1564
Page Count	10
ISSN	17521416
Volume Number	11
e-ISSN	17521424
Issue Number	Issue 12, Oct (2017)
Alternate Webpage(s)	https://digital-library.theiet.org/content/journals/iet-rpg/11/12
Alternate Webpage(s)	https://digital-library.theiet.org/content/journals/10.1049/iet-rpg.2017.0190
Journal	IET Renewable Power Generation
Publisher Date	2017-07-25
Access Restriction	Open
Rights Holder	© The Institution of Engineering and Technology
Subject Keyword	Bi-directional Power Flow Problem Centralised Grid Investment Centralised Grid Reliability Centralised Grid Security DBMBMS Model Decentralised And Bi-directional Market-based Management System Model Decentralised And Bi-directional Market-based Management System Planning Decentralised Control Generation Differential Evolution Technique Electrical Energy Electricity Cost Electricity Prices Evolutionary Computation Load Flow Mixed Generator Monte Carlo Method Monte Carlo Program Optimisation Technique Power Grid Power Market Power System Power System Control Power System Economics Power System Managemen Power System Operation Power System Planning Power System Planning And Layout Power System Reliability Power System Security Price Management Pricing Reliability Renewable Current Source Spot Market Price Stochastic Framework Stochastic Linearised SCUC
Content Type	Text
Resource Type	Article
Subject	Renewable Energy, Sustainability and the Environment

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1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
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9	IDR Setup or Support	Queries related to establishment and support of Institutional Digital Repository (IDR) and IDR workshops	idr@ndl.gov.in

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