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Title: Decomposition and Equilibrium Achieving Distribution Locational Marginal Prices using Trust-Region Method
We propose a new distribution locational marginal price (DLMP) model which is based on a linearized variant of the global energy balance formulation along with trust-region based solution methodology. Compared to existing DLMP works in the literature, the proposed DLMP model has shown to depict the following features: i) It decomposes into most general components, i.e., energy, loss, congestion and voltage; ii) it presents market equilibrium conditions; and ii) it is capable of achieving an efficient flexibility resource allocation in local day-ahead distribution grid markets. The developed model is tested first on a benchmark IEEE 33-bus distribution grid and then on much larger grids with the inclusion of dispatch from flexible loads (FLs) and distributed generators (DGs).  more » « less
Award ID(s):
1851602
PAR ID:
10079396
Author(s) / Creator(s):
; ; ; ; ;
Date Published:
Journal Name:
IEEE Transactions on Smart Grid
ISSN:
1949-3053
Page Range / eLocation ID:
1 to 1
Format(s):
Medium: X
Sponsoring Org:
National Science Foundation
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