Sensitivity-based pricing and optimal storage utilization in distribution systems

Bharadwaj R. Sathyanarayana, Gerald Thomas Heydt

Research output: Contribution to journalArticlepeer-review

33 Scopus citations

Abstract

In the deregulated power system, locational marginal prices (LMPs) are used in transmission engineering predominantly as near real-time pricing signals. This work extends this concept to distribution engineering by formulating a distribution LMP signal based on power flow sensitivities in a distribution system. A Jacobian-based sensitivity analysis has been developed for application in the distribution pricing method. Increasing deployment of distributed energy sources and storage devices is being seen at the distribution level and this trend is expected to continue. The optimal operation of the distributed infrastructure has been formulated as a multiobjective optimization problem and a solution algorithm has been developed that is based on the normal boundary intersection method. A parallel processing environment has been used to replicate the distributed nature of controls at many points in the distribution system. The Roy Billinton Test System has been used to demonstrate the applications.

Original languageEnglish (US)
Article number6384861
Pages (from-to)1073-1082
Number of pages10
JournalIEEE Transactions on Power Delivery
Volume28
Issue number2
DOIs
StatePublished - Jan 1 2013

Keywords

  • Distributed storage resources
  • Roy Billinton Test System
  • distribution system control
  • locational marginal prices (LMPs)
  • multiobjective optimization
  • parallel processing
  • power distribution engineering
  • real-time pricing
  • sensitivity analysis
  • smart grid

ASJC Scopus subject areas

  • Energy Engineering and Power Technology
  • Electrical and Electronic Engineering

Fingerprint

Dive into the research topics of 'Sensitivity-based pricing and optimal storage utilization in distribution systems'. Together they form a unique fingerprint.

Cite this