Developing a framework for a retail electricity model incorporating energy storage

Neil McIlwaine, Aoife Foley, D. John Morrow, Chongyu Zhang, Xi Lu

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

Embedded generation at the distribution level is an untapped source of voltage, frequency regulation and inertia services for the most part. The distribution level has historically been associated with the delivery of energy sourced from the transmission system via a wholesale electricity market. Due to the growth of embedded generation at the distribution level this flow is changing as solar and wind generation, electric vehicles, heat pumps and demand response activity via smart appliances and storage technologies develop. Therefore it is very important to integrate the retail market and distribution grid operations to optimize energy flows economically and achieve environmental targets. Therefore, at the distribution level, system modeling is required to qualify, quantify and value the installation of embedded energy storage. The aim of this paper is to establish a retail market framework to integrate embedded generation at the grid distribution level to avail of these untapped services.

Original languageEnglish
Title of host publication2020 2nd International Conference on Smart Power and Internet Energy Systems, SPIES 2020
PublisherInstitute of Electrical and Electronics Engineers Inc.
Pages246-251
Number of pages6
ISBN (Electronic)9781728166117
DOIs
Publication statusPublished - 02 Nov 2020
Event2nd International Conference on Smart Power and Internet Energy Systems, SPIES 2020 - Bangkok, Thailand
Duration: 15 Sep 202018 Sep 2020

Publication series

Name2020 2nd International Conference on Smart Power and Internet Energy Systems, SPIES 2020

Conference

Conference2nd International Conference on Smart Power and Internet Energy Systems, SPIES 2020
CountryThailand
CityBangkok
Period15/09/202018/09/2020

Bibliographical note

Funding Information:
The SPIRE 2 project is supported by the European Union's INTERREG VA Programme, managed by the Special EU Programmes Body (SEUPB).

Publisher Copyright:
© 2020 IEEE.

Copyright:
Copyright 2020 Elsevier B.V., All rights reserved.

Keywords

  • Energy storage
  • Power markets
  • Power quality
  • Renewable energy sources
  • Smart grid
  • Smart meter

ASJC Scopus subject areas

  • Artificial Intelligence
  • Computer Networks and Communications
  • Energy Engineering and Power Technology
  • Electrical and Electronic Engineering

Fingerprint

Dive into the research topics of 'Developing a framework for a retail electricity model incorporating energy storage'. Together they form a unique fingerprint.

Cite this