An operational planning framework for prosumers participating in electricity markets

The aim of this paper is to develop the electricity markets (EMs) as a mechanism for managing the increasing numbers of consumers becoming prosumers and the integrated large numbers of the distributed generation resources (DGRs). Though, in order to be successful, these markets will heavily depend on a management virtual power plant (MVPP) with a microgrid (MG) to facilitate a cost-efficient combination of DGRs into the current power system, thus formulating a transactive energy system. The management of the VPP and the MGs are improved to give greater controllability of the DGRs and to implement structures for the improvement of the interfaces among the energy and ancillary service resources, network operators, demand response programs (DRP) and energy market participants. Through this aggregation, DGR access to the energy markets is expedited and the DGR-based system maintenance and ancillary services can be presented. By approving this further functionality, it is envisioned that the system's production, measured in the form of energy efficiency, energy quality, security, and economical operation, can be developed. The paper concludes with case studies illustrating the utilisation of the management on an analysis system.