Special Section on Local and Distributed Electricity Markets

Rui Bo, Linquan Bai, Antonio Conejo, Jianzhong Wu, Tao Jiang, Fei Ding, Babak Enayati

Research output: Contribution to journalArticlepeer-review

3 Scopus Citations

Abstract

Driven by the goals of clean energy and zero carbon emissions, the power industry is undergoing significant transformations. The rapid growth of diverse distributed energy resources (DERs) at grid edge such as rooftop photovoltaics (PVs) and electric vehicles is transforming the traditional centralized power grid management to a decentralized, bottom-up, and localized control paradigm. Establishing local and distribution-level electricity markets provides an effective solution to managing large amounts of small-scale DERs. New regulations such as the recent FERC Order 2222 in the U.S. open the door to DERs in the wholesale markets. Through coordinating the local and distribution-level markets with the transmission-level wholesale market, the DERs and prosumers can trade energy and flexibility locally with each other and meanwhile provide energy, flexibility and ancillary services to the bulk power grid. During this transition, there are many new technical challenges to address, calling for innovative ideas and interdisciplinary research in this promising direction. Advanced information and communication technologies (ICT) are needed, as a key enabler, for the development and practical implementation of local and distribution electricity markets. Research into local and distribution markets is strongly interdisciplinary, involving the state of the art in power engineering, economics, and digital/information technology. A broad spectrum of contributors from universities, industry, research laboratories and policy makers is sought to develop and present solutions and technologies that will facilitate and advance practical applications and implementations of local and distribution-level electricity markets to uncover the values of DERs.

Original languageAmerican English
Pages (from-to)1347-1352
Number of pages6
JournalIEEE Transactions on Smart Grid
Volume14
Issue number2
DOIs
StatePublished - 2023

Bibliographical note

Publisher Copyright:
© 2010-2012 IEEE.

NREL Publication Number

  • NREL/JA-5D00-85734

Keywords

  • distributed energy resources
  • electricity markets
  • power grid management

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