Dispatch Insurance for ISO-Market Participating DERs in Distribution Systems

Yikui Liu; Lei Wu; Mohammad Shahidehpour

doi:10.1109/TPWRS.2022.3158147

Dispatch Insurance for ISO-Market Participating DERs in Distribution Systems

Yikui Liu
, Lei Wu
, Mohammad Shahidehpour

Department of Electrical and Computer Engineering

Stevens Institute of Technology

Research output: Contribution to journal › Article › peer-review

8 Scopus citations

Abstract

The proliferation of distributed energy resources (DER) under diverse jurisdiction in distribution networks raises new challenges to the utility. Indeed, when directly participating in the independent system operator's (ISO) energy market and following market clearing instructions, DERs could compete with the utility-controlled DERs on utilizing available distribution network capacities. This letter proposes the concept of dispatch insurance by leveraging financial interests of the utility and market participating DERs to resolve the conflict issue.

Original language	English
Pages (from-to)	3165-3168
Number of pages	4
Journal	IEEE Transactions on Power Systems
Volume	37
Issue number	4
DOIs	https://doi.org/10.1109/TPWRS.2022.3158147
State	Published - 1 Jul 2022

Keywords

Distributed energy resource integration
Shapley value
independent system operator energy market

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10.1109/TPWRS.2022.3158147

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abstract = "The proliferation of distributed energy resources (DER) under diverse jurisdiction in distribution networks raises new challenges to the utility. Indeed, when directly participating in the independent system operator's (ISO) energy market and following market clearing instructions, DERs could compete with the utility-controlled DERs on utilizing available distribution network capacities. This letter proposes the concept of dispatch insurance by leveraging financial interests of the utility and market participating DERs to resolve the conflict issue.",

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author = "Yikui Liu and Lei Wu and Mohammad Shahidehpour",

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AB - The proliferation of distributed energy resources (DER) under diverse jurisdiction in distribution networks raises new challenges to the utility. Indeed, when directly participating in the independent system operator's (ISO) energy market and following market clearing instructions, DERs could compete with the utility-controlled DERs on utilizing available distribution network capacities. This letter proposes the concept of dispatch insurance by leveraging financial interests of the utility and market participating DERs to resolve the conflict issue.

KW - Distributed energy resource integration

KW - Shapley value

KW - independent system operator energy market

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Dispatch Insurance for ISO-Market Participating DERs in Distribution Systems

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Keywords

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