Overview of Microgrids in a Market Environment

Author

Giraldez, Julieta ; Heap, David

Author_Institution

Dept. of Electr. & Comput. Eng., Colorado State Univ., Fort Collins, CO, USA

fYear

2015

fDate

15-17 April 2015

Firstpage

36

Lastpage

43

Abstract

This paper is an analysis of micro grids and their dynamics with energy markets, as well as an examination of the challenges and opportunities to an increase in micro grid penetration to serve electricity consumers. Micro grid functions are analyzed with respect to management, interfacing with electricity and reserves markets. Challenges are considered including the incumbent industry, renewable penetration, and issues related to market and policy structure. Opportunities are also considered including cost and reliability advantages, energy storage, natural gas generation, consumer clustering, and virtual power plants.

Keywords

distributed power generation; power markets; consumer clustering; electricity consumers; electricity markets; energy markets; energy storage; market environment; microgrids; natural gas generation; reserves markets; virtual power plants; Density estimation robust algorithm; Economics; Electricity supply industry; Microgrids; Power system reliability; Reliability; ancillary services; demand response; distributed generation; energy markets; energy policy; market structure; microgrid; renewable energy;

fLanguage

English

Publisher

ieee

Conference_Titel

Green Technologies Conference (GreenTech), 2015 Seventh Annual IEEE

Conference_Location

New Orleans, LA

Type

conf

DOI

10.1109/GREENTECH.2015.40

Filename

7150227