Equity-based fair market algorithm to effectively integrate DER in retail market pricing
Date
2021-11-14Author
Nandasiri, Nimanthi Upeka
Aravinthan, Visvakumar
Metadata
Show full item recordCitation
N. Nandasiri and V. Aravinthan, "Equity-based Fair Market Algorithm to Effectively Integrate DER in Retail Market Pricing," 2021 North American Power Symposium (NAPS), 2021, pp. 01-06, doi: 10.1109/NAPS52732.2021.9654588.
Abstract
This paper presents a market mechanism based on an equity-based market algorithm to incorporate DER in the retail
market considering different financing options of solar owners. This paper first investigates the impact of power curtailment on
solar owners with different financing options using different parameters when the Distribution System Operator (DSO)
optimal operations of the distribution system. Then we proposed a methodology to weighting the power curtailment based on the
Return on Investment (ROI) value to achieve maximum social welfare.
Description
Click on the DOI link to view this conference paper (may not be free).