Distributed energy resource participation in electricity markets: A review of approaches, modeling, and enabling information and communication technologies
The continued development of distributed energy resources (DER), information and communications technologies is enabling a greater number of parties to participate in electricity markets. This review explores the various methods that DERs may utilize to participate in electricity markets, the differ...
| Main Authors: | , , , , |
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| Format: | Article |
| Language: | English |
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Elsevier
2022-09-01
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| Series: | Energy Strategy Reviews |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2211467X22001341 |
| _version_ | 1811275713136820224 |
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| author | Joseph Stekli Linquan Bai Umit Cali Ugur Halden Marthe Fogstad Dynge |
| author_facet | Joseph Stekli Linquan Bai Umit Cali Ugur Halden Marthe Fogstad Dynge |
| author_sort | Joseph Stekli |
| collection | DOAJ |
| description | The continued development of distributed energy resources (DER), information and communications technologies is enabling a greater number of parties to participate in electricity markets. This review explores the various methods that DERs may utilize to participate in electricity markets, the differing architectures and methodologies used to model their participation, the past and future development of communications technologies that has enabled this participation, and examples of commercial implementations of solutions to DER participation in electricity markets. |
| first_indexed | 2024-04-12T23:42:41Z |
| format | Article |
| id | doaj.art-85e1b296c18e4dccb501283f194075d4 |
| institution | Directory Open Access Journal |
| issn | 2211-467X |
| language | English |
| last_indexed | 2024-04-12T23:42:41Z |
| publishDate | 2022-09-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Energy Strategy Reviews |
| spelling | doaj.art-85e1b296c18e4dccb501283f194075d42022-12-22T03:11:56ZengElsevierEnergy Strategy Reviews2211-467X2022-09-0143100940Distributed energy resource participation in electricity markets: A review of approaches, modeling, and enabling information and communication technologiesJoseph Stekli0Linquan Bai1Umit Cali2Ugur Halden3Marthe Fogstad Dynge4Electric Power Research Institute, 1300 W. WT Harris Blvd., Charlotte, 28262, NC, USA; University of North Carolina at Charlotte, 9201 University City Blvd., Charlotte, 28223, NC, USAUniversity of North Carolina at Charlotte, 9201 University City Blvd., Charlotte, 28223, NC, USANorwegian University of Science and Technology, O. S. Bragstads plass 2E, 7034, Trondheim, Norway; Corresponding author.Norwegian University of Science and Technology, O. S. Bragstads plass 2E, 7034, Trondheim, NorwayNorwegian University of Science and Technology, O. S. Bragstads plass 2E, 7034, Trondheim, NorwayThe continued development of distributed energy resources (DER), information and communications technologies is enabling a greater number of parties to participate in electricity markets. This review explores the various methods that DERs may utilize to participate in electricity markets, the differing architectures and methodologies used to model their participation, the past and future development of communications technologies that has enabled this participation, and examples of commercial implementations of solutions to DER participation in electricity markets.http://www.sciencedirect.com/science/article/pii/S2211467X22001341distributed energy resources (DER)local energy marketaggregated DERdistribution system operatordistributed ledger technology |
| spellingShingle | Joseph Stekli Linquan Bai Umit Cali Ugur Halden Marthe Fogstad Dynge Distributed energy resource participation in electricity markets: A review of approaches, modeling, and enabling information and communication technologies Energy Strategy Reviews distributed energy resources (DER) local energy market aggregated DER distribution system operator distributed ledger technology |
| title | Distributed energy resource participation in electricity markets: A review of approaches, modeling, and enabling information and communication technologies |
| title_full | Distributed energy resource participation in electricity markets: A review of approaches, modeling, and enabling information and communication technologies |
| title_fullStr | Distributed energy resource participation in electricity markets: A review of approaches, modeling, and enabling information and communication technologies |
| title_full_unstemmed | Distributed energy resource participation in electricity markets: A review of approaches, modeling, and enabling information and communication technologies |
| title_short | Distributed energy resource participation in electricity markets: A review of approaches, modeling, and enabling information and communication technologies |
| title_sort | distributed energy resource participation in electricity markets a review of approaches modeling and enabling information and communication technologies |
| topic | distributed energy resources (DER) local energy market aggregated DER distribution system operator distributed ledger technology |
| url | http://www.sciencedirect.com/science/article/pii/S2211467X22001341 |
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