DLMP-Based Quantification and Analysis Method of Operational Flexibility in Flexible Distribution Networks

Abstract

With high penetration of flexible resources, operational flexibility of flexible distribution networks (FDNs) is important to ensure high-quality electricity services. This paper proposes a value quantification and analysis method for operational flexibility in FDNs based on distribution locational marginal pricing (DLMP). First, flexibility constraints are formulated from the perspective of node integration, branch transfer, and network aggregation of flexibility. Then, a unified analytical framework for quantifying the operational flexibility is established, in which spatial-temporal transfer of flexibility is modeled with the derivation of flexibility sensitivity factors. Further, a DLMP-based flexibility value quantification model is proposed with nodal net power as the unit for flexibility pricing. The obtained flexibility price can not only quantify flexibility value but also be used to guide the flexible resources. Finally, the effectiveness of the proposed method is validated on a modified IEEE 33-node distribution system and a modified IEEE 123-node distribution system. Results verify that the proposed method can quantify the impact of nodal net power on operational flexibility and effectively improve the overall flexibility performance through the guide of flexibility price.