Distributed energy resource participation in electricity markets: A review of approaches, modeling, and enabling information and communication technologies
Joseph Stekli, Linquan Bai, Ümit Cali, Ugur Halden, Marthe Fogstad Dynge
Abstract
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.
Topics & Concepts
ElectricityImplementationDistributed generationInformation and Communications TechnologyResource (disambiguation)Environmental economicsBusinessComputer scienceTelecommunicationsIndustrial organizationRenewable energyEconomicsEngineeringWorld Wide WebElectrical engineeringProgramming languageComputer networkSmart Grid Energy ManagementSmart Grid Security and ResilienceCaching and Content Delivery