Designing a new procedure for participation of prosumers in day-ahead local flexibility market

Abstract

With the high penetration of Renewable Energy Resources (RERs) into power systems, distribution systems are facing various challenges due to their intermittency and uncertainty. One of the ways to cope with uncertainty and variability of the RERs is utilizing flexibility by market tools to enable active system management. Local Flexibility Markets (LFMs) provide opportunities to trade flexibility among distribution system operators and other participants (e.g., aggregators) in an economically efficient way. This research proposes an interactive framework for prosumers by a market-based platform to utilize and trade flexibility. The suggested framework comprises a novel flexibility allocation process which is performed through a Day-Ahead (DA) flexibility market mechanism. In the proposed process, market participants adjust their flexibility bids, which is done under a fair and competitive market mechanism. The results of the simulation validate the major features of the proposed framework and satisfy DSO’s purposes in congestion management.