Techno-Economic Assessment of Distribution Network Reliability Services from Microgrids

Eduardo Alejandro Martinez Cesena; Nicholas Good; Pierluigi Mancarella

doi:10.1109/ISGTEurope.2017.8260323

Techno-Economic Assessment of Distribution Network Reliability Services from Microgrids

Eduardo Alejandro Martinez Cesena, Nicholas Good, Pierluigi Mancarella

Research output: Chapter in Book/Conference proceeding › Conference contribution › peer-review

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Abstract

This paper proposes a new techno-economic framework for the optimisation of Microgrid (MG) operation considering energy and reserve services, as well as a novel distribution network reliability service. The price signals required to incentivise reliability services are formulated based on the potential of MGs to improve reliability levels. This potential is quantified based on sequential Monte Carlo simulations and economic values assigned to reliability according to existing UK regulation. The results, based on pragmatic MG data and a real distribution network, highlight strong synergies between reliability services, and energy and reserve services. These synergies allow MGs to provide distribution network reliability support without significantly changing their normal behaviour or compromising their capabilities to provide other services.

Original language	English
Title of host publication	Innovative Smart Grid Technologies
DOIs	https://doi.org/10.1109/ISGTEurope.2017.8260323
Publication status	Published - 2018

Keywords

Distribution networks
MicroGrid
Monte Carlo simulation
Multiple services
Transactive energy

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10.1109/ISGTEurope.2017.8260323

ISGT_MG_V06_sixpgAccepted author manuscript, 846 KB

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title = "Techno-Economic Assessment of Distribution Network Reliability Services from Microgrids",

abstract = "This paper proposes a new techno-economic framework for the optimisation of Microgrid (MG) operation considering energy and reserve services, as well as a novel distribution network reliability service. The price signals required to incentivise reliability services are formulated based on the potential of MGs to improve reliability levels. This potential is quantified based on sequential Monte Carlo simulations and economic values assigned to reliability according to existing UK regulation. The results, based on pragmatic MG data and a real distribution network, highlight strong synergies between reliability services, and energy and reserve services. These synergies allow MGs to provide distribution network reliability support without significantly changing their normal behaviour or compromising their capabilities to provide other services.",

keywords = "Distribution networks , MicroGrid, Monte Carlo simulation, Multiple services, Transactive energy",

author = "{Martinez Cesena}, {Eduardo Alejandro} and Nicholas Good and Pierluigi Mancarella",

year = "2018",

doi = "10.1109/ISGTEurope.2017.8260323",

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AU - Martinez Cesena, Eduardo Alejandro

AU - Good, Nicholas

AU - Mancarella, Pierluigi

PY - 2018

Y1 - 2018

N2 - This paper proposes a new techno-economic framework for the optimisation of Microgrid (MG) operation considering energy and reserve services, as well as a novel distribution network reliability service. The price signals required to incentivise reliability services are formulated based on the potential of MGs to improve reliability levels. This potential is quantified based on sequential Monte Carlo simulations and economic values assigned to reliability according to existing UK regulation. The results, based on pragmatic MG data and a real distribution network, highlight strong synergies between reliability services, and energy and reserve services. These synergies allow MGs to provide distribution network reliability support without significantly changing their normal behaviour or compromising their capabilities to provide other services.

AB - This paper proposes a new techno-economic framework for the optimisation of Microgrid (MG) operation considering energy and reserve services, as well as a novel distribution network reliability service. The price signals required to incentivise reliability services are formulated based on the potential of MGs to improve reliability levels. This potential is quantified based on sequential Monte Carlo simulations and economic values assigned to reliability according to existing UK regulation. The results, based on pragmatic MG data and a real distribution network, highlight strong synergies between reliability services, and energy and reserve services. These synergies allow MGs to provide distribution network reliability support without significantly changing their normal behaviour or compromising their capabilities to provide other services.

KW - Distribution networks

KW - MicroGrid

KW - Monte Carlo simulation

KW - Multiple services

KW - Transactive energy

U2 - 10.1109/ISGTEurope.2017.8260323

DO - 10.1109/ISGTEurope.2017.8260323

M3 - Conference contribution

BT - Innovative Smart Grid Technologies

ER -

Techno-Economic Assessment of Distribution Network Reliability Services from Microgrids

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Keywords

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