Transactive Energy in Electrical Power Systems with Virtual Power Plants

Stefany Yánez; Stanislao Pinzón; Diego Carrión

doi:10.1109/ETCM58927.2023.10309034

Transactive Energy in Electrical Power Systems with Virtual Power Plants

Stefany Yánez, Stanislao Pinzón, Diego Carrión

Research Group on Smart Electrical Grids (GIREI)

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

Abstract

The energetic tendencies of self-production evident by the increase of microgrids, distributed energy resources, virtual power plants, among others, contribute in the development of mechanisms oriented to energy transactions. The present research proposes an heuristic method based on optimal DC power flows, that is used in minimization of costs by generation concept, for the analysis of the different forms of energy transactions, among which are the transactions by energy deviations, systems of transmission and power contracts. The analysis considers technical limitations, costs, energy balance, priority in renewable resources, pricing methods for transactions in the transmission system and the application of energy contracts; For optimization procedures, non-linear programming is used. The proposed algorithm is implemented in the IEEE test models of 4 and 118 buses.

Original language	English
Title of host publication	ECTM 2023 - 2023 IEEE 7th Ecuador Technical Chapters Meeting
Editors	David Rivas Lalaleo, Manuel Ignacio Ayala Chauvin
Publisher	Institute of Electrical and Electronics Engineers Inc.
ISBN (Electronic)	9798350338232
DOIs	https://doi.org/10.1109/ETCM58927.2023.10309034
State	Published - 2023
Event	7th IEEE Ecuador Technical Chapters Meeting, ECTM 2023 - Ambato, Ecuador Duration: 10 Oct 2023 → 13 Oct 2023

Publication series

Name	ECTM 2023 - 2023 IEEE 7th Ecuador Technical Chapters Meeting

Conference

Conference	7th IEEE Ecuador Technical Chapters Meeting, ECTM 2023
Country/Territory	Ecuador
City	Ambato
Period	10/10/23 → 13/10/23

Bibliographical note

Publisher Copyright:
© 2023 IEEE.

Keywords

Energy markets
Optimal power flow
Renewable energy
Transactive energy
Vitual power plant

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

Access to Document

10.1109/ETCM58927.2023.10309034

Cite this

Yánez, S., Pinzón, S., & Carrión, D. (2023). Transactive Energy in Electrical Power Systems with Virtual Power Plants. In D. R. Lalaleo, & M. I. A. Chauvin (Eds.), ECTM 2023 - 2023 IEEE 7th Ecuador Technical Chapters Meeting (ECTM 2023 - 2023 IEEE 7th Ecuador Technical Chapters Meeting). Institute of Electrical and Electronics Engineers Inc.. https://doi.org/10.1109/ETCM58927.2023.10309034

Yánez, Stefany ; Pinzón, Stanislao ; Carrión, Diego. / Transactive Energy in Electrical Power Systems with Virtual Power Plants. ECTM 2023 - 2023 IEEE 7th Ecuador Technical Chapters Meeting. editor / David Rivas Lalaleo ; Manuel Ignacio Ayala Chauvin. Institute of Electrical and Electronics Engineers Inc., 2023. (ECTM 2023 - 2023 IEEE 7th Ecuador Technical Chapters Meeting).

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abstract = "The energetic tendencies of self-production evident by the increase of microgrids, distributed energy resources, virtual power plants, among others, contribute in the development of mechanisms oriented to energy transactions. The present research proposes an heuristic method based on optimal DC power flows, that is used in minimization of costs by generation concept, for the analysis of the different forms of energy transactions, among which are the transactions by energy deviations, systems of transmission and power contracts. The analysis considers technical limitations, costs, energy balance, priority in renewable resources, pricing methods for transactions in the transmission system and the application of energy contracts; For optimization procedures, non-linear programming is used. The proposed algorithm is implemented in the IEEE test models of 4 and 118 buses.",

keywords = "Energy markets, Optimal power flow, Renewable energy, Transactive energy, Vitual power plant",

author = "Stefany Y{\'a}nez and Stanislao Pinz{\'o}n and Diego Carri{\'o}n",

note = "Publisher Copyright: {\textcopyright} 2023 IEEE.; 7th IEEE Ecuador Technical Chapters Meeting, ECTM 2023 ; Conference date: 10-10-2023 Through 13-10-2023",

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doi = "10.1109/ETCM58927.2023.10309034",

language = "English",

series = "ECTM 2023 - 2023 IEEE 7th Ecuador Technical Chapters Meeting",

publisher = "Institute of Electrical and Electronics Engineers Inc.",

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Yánez, S, Pinzón, S & Carrión, D 2023, Transactive Energy in Electrical Power Systems with Virtual Power Plants. in DR Lalaleo & MIA Chauvin (eds), ECTM 2023 - 2023 IEEE 7th Ecuador Technical Chapters Meeting. ECTM 2023 - 2023 IEEE 7th Ecuador Technical Chapters Meeting, Institute of Electrical and Electronics Engineers Inc., 7th IEEE Ecuador Technical Chapters Meeting, ECTM 2023, Ambato, Ecuador, 10/10/23. https://doi.org/10.1109/ETCM58927.2023.10309034

Transactive Energy in Electrical Power Systems with Virtual Power Plants. / Yánez, Stefany; Pinzón, Stanislao; Carrión, Diego.
ECTM 2023 - 2023 IEEE 7th Ecuador Technical Chapters Meeting. ed. / David Rivas Lalaleo; Manuel Ignacio Ayala Chauvin. Institute of Electrical and Electronics Engineers Inc., 2023. (ECTM 2023 - 2023 IEEE 7th Ecuador Technical Chapters Meeting).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

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N2 - The energetic tendencies of self-production evident by the increase of microgrids, distributed energy resources, virtual power plants, among others, contribute in the development of mechanisms oriented to energy transactions. The present research proposes an heuristic method based on optimal DC power flows, that is used in minimization of costs by generation concept, for the analysis of the different forms of energy transactions, among which are the transactions by energy deviations, systems of transmission and power contracts. The analysis considers technical limitations, costs, energy balance, priority in renewable resources, pricing methods for transactions in the transmission system and the application of energy contracts; For optimization procedures, non-linear programming is used. The proposed algorithm is implemented in the IEEE test models of 4 and 118 buses.

AB - The energetic tendencies of self-production evident by the increase of microgrids, distributed energy resources, virtual power plants, among others, contribute in the development of mechanisms oriented to energy transactions. The present research proposes an heuristic method based on optimal DC power flows, that is used in minimization of costs by generation concept, for the analysis of the different forms of energy transactions, among which are the transactions by energy deviations, systems of transmission and power contracts. The analysis considers technical limitations, costs, energy balance, priority in renewable resources, pricing methods for transactions in the transmission system and the application of energy contracts; For optimization procedures, non-linear programming is used. The proposed algorithm is implemented in the IEEE test models of 4 and 118 buses.

KW - Energy markets

KW - Optimal power flow

KW - Renewable energy

KW - Transactive energy

KW - Vitual power plant

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ER -

Transactive Energy in Electrical Power Systems with Virtual Power Plants

Abstract

Publication series

Conference

Bibliographical note

Keywords

UN SDGs

Access to Document

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Cite this