Voltage-Price Coupling in Distribution NetworksShow others and affiliations
2024 (English)In: IEEE Transactions on Smart Grid, ISSN 1949-3053, E-ISSN 1949-3061, Vol. 15, no 2, p. 1438-1449Article in journal (Refereed) Published
Abstract [en]
Demand-side users are practical and economical resources for participating in voltage regulation of distribution networks, whose regulation effect is closely related to the price. This paper proposes a novel voltage-price coupling (VPC) mechanism to construct a fair voltage-based nodal pricing method for distribution networks to encourage demand-side users to participate in voltage regulation to improve voltage quality. The voltage impact factor is established to fairly characterize the impact of each nodal power on the voltage deviation in the distribution network. Further, the VPC mechanism is constructed to highly couple the nodal price with the voltage in both spatial and time dimensions by establishing distribution rules of prices at different nodes and different horizons. The VPC mechanism forms a fair and adaptable voltage-based nodal pricing method for distribution networks, which also considers the impact on the existing pricing mechanism, and the balance between the voltage regulation effect and user experience. Then, a price-driven voltage regulation (PVR) model is proposed for the distribution network to reduce voltage deviations and user costs, which integrates the demand-side resource management, voltage regulation, and voltage-based nodal pricing. Case studies verify the effectiveness of the VPC mechanism and the PVR model.
Place, publisher, year, edition, pages
Institute of Electrical and Electronics Engineers (IEEE) , 2024. Vol. 15, no 2, p. 1438-1449
Keywords [en]
Voltage control, Distribution networks, Sensitivity, Pricing, Mathematical models, Couplings, Load modeling, Voltage-price coupling, voltage regulation, nodal pricing, demand-side resource, distribution network
National Category
Other Electrical Engineering, Electronic Engineering, Information Engineering
Identifiers
URN: urn:nbn:se:kth:diva-345577DOI: 10.1109/TSG.2023.3303390ISI: 001174148100018Scopus ID: 2-s2.0-85167829120OAI: oai:DiVA.org:kth-345577DiVA, id: diva2:1851124
Note
QC 20240412
2024-04-122024-04-122024-04-12Bibliographically approved