Stochastic local flexibility market design, bidding, and dispatch for distribution grid operations

In order to unlock the flexibility potential of energy consumers and prosumers, development market mechanisms for planning procurement is necessary. The authors propose a stochastic local solve grid issues such as voltage deviations congestion in distribution grid. Their proposed solution includes activation assets at consumers’ premises, using design. They consider pooled design under demand uncertainty bidding process. Optimization models are used determine supply bids by system operator aggregator respectively. A AC-optimal power model two-stage implemented simulate market. This allows bid curves, optimum dispatch. analysis shows that cost operations reduced when uses methodology applicable designs aiming use end-user operations. • novel combines AC-OPF an LFM. aggregation prosumers more cost-efficient than single prosumer. location on crucial solution. aggregator's profit related with most expensive but least resource. Stochastic have same prices different quantities.