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The Next-Generation Retail Electricity Market In The Context Of Distributed Energy Resources: Vision And Integrating Framework, Josue Campos Do Prado, Wei Qiao, Liyan Qu, Julio Romero Aguero
The Next-Generation Retail Electricity Market In The Context Of Distributed Energy Resources: Vision And Integrating Framework, Josue Campos Do Prado, Wei Qiao, Liyan Qu, Julio Romero Aguero
Department of Electrical and Computer Engineering: Faculty Publications
The increasing adoption of distributed energy resources (DERs) and smart grid technologies (SGTs) by end-user retail customers is changing significantly both technical and economic operations in the distribution grid. The next-generation retail electricity market will promote decentralization, efficiency, and competitiveness by accommodating existing and new agents through new business models and transactive approaches in an advanced metering infrastructure (AMI). However, these changes will bring several technical challenges to be addressed in transmission and distribution systems. Considerable activities have been carried out worldwide to study the impacts of integrating DERs into the grid and in the wholesale electricity market. However, the …