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    Equity-based fair market algorithm to effectively integrate DER in retail market pricing

    Date
    2021-11-14
    Author
    Nandasiri, Nimanthi Upeka
    Aravinthan, Visvakumar
    Metadata
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    Citation
    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).
    URI
    https://soar.wichita.edu/handle/10057/22847
    http://doi.org/10.1109/NAPS52732.2021.9654588
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