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Electricity Markets for DC Distribution Systems: Design Options

Author

Listed:
  • Longjian Piao

    (Technology, Policy and Management, Delft University of Technology, 2628 BX Delft, The Netherlands
    Electrical Engineering, Mathematics and Computer Science, Delft University of Technology, 2628 XE Delft, The Netherlands)

  • Laurens de Vries

    (Technology, Policy and Management, Delft University of Technology, 2628 BX Delft, The Netherlands)

  • Mathijs de Weerdt

    (Electrical Engineering, Mathematics and Computer Science, Delft University of Technology, 2628 XE Delft, The Netherlands)

  • Neil Yorke-Smith

    (Electrical Engineering, Mathematics and Computer Science, Delft University of Technology, 2628 XE Delft, The Netherlands
    Olayan School of Business, American University of Beirut, Beirut 1107 2020, Lebanon)

Abstract

DC distribution systems (DCDSs) are a promising alternative to AC systems because they remove AC-DC conversions between renewable sources and loads. Their unique features compared to AC include low system inertia, strict power limits and power–voltage coupling. In a liberalised electricity market, merely applying an AC market design to a DCDS cannot guarantee the latter’s supply security and voltage stability; new markets must be designed to meet DC challenges. This article identifies the key design options of DCDS electricity markets. To identify these options, we develop a comprehensive design framework for local electricity markets; to our knowledge, we provide the first such analysis. Whereas previous studies focus on separate aspects of DCDS markets, we widen the scope to include the role of market architecture and investigate the arrangements of sub-markets. As an illustration, we demonstrate three promising DCDS market designs that can be defined in our framework, and provide a first assessment of their performance.

Suggested Citation

  • Longjian Piao & Laurens de Vries & Mathijs de Weerdt & Neil Yorke-Smith, 2019. "Electricity Markets for DC Distribution Systems: Design Options," Energies, MDPI, vol. 12(14), pages 1-16, July.
    • Handle: RePEc:gam:jeners:v:12:y:2019:i:14:p:2640-:d:247081
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    References listed on IDEAS

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    1. Piao, Longjian & de Vries, Laurens & de Weerdt, Mathijs & Yorke-Smith, Neil, 2021. "Electricity markets for DC distribution systems: Locational pricing trumps wholesale pricing," Energy, Elsevier, vol. 214(C).

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