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Hanif, Sarmad; Barati, Masoud; Kargarian, Amin; Gooi, Hoay Beng; Hamacher, Thomas (, IEEE)We propose a multiphase distribution locational marginal price (DLMP) model. Compared to existing DLMP models in the literature, the proposed model has three distinctive features: i) It provides a linear approximation of relevant DLMP components which captures the global behavior of nonlinear functions; ii) it decomposes into most general components, i.e., energy, loss, congestion, voltage violations; and iii) it incorporates both wye and delta grid connections along with unbalanced loadings. The developed model is tested on a benchmark IEEE 13-bus unbalanced distribution system with the inclusion of distributed generators (DGs).more » « less
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Hanif, Sarmad; Zhang, Kai; Hackl, Christoph; Barati, Masoud; Gooi, Hoay Beng; Hamacher, Thomas (, IEEE Transactions on Smart Grid)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
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