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

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Authors
Nandasiri, Nimanthi Upeka
Aravinthan, Visvakumar
Issue Date
2021-11-14
Type
Conference paper
Language
en_US
Keywords
Distributed energy resources , Retail market , Return on investment , Value of DER
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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.

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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.
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IEEE
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