Evaluation of secure bilateral transactions with distributed generation in hybrid electricity markets

Abstract EN

Evaluation of secure bilateral transactions is one of the important functions of system operator to maintain power system security for better planning and operation in open access competitive restructured electricity markets.

With integration of distributed generation resources, the security issue of bilateral coordinated markets has gained further attention as distributed generation sources can enter into bilateral contracts with distribution companies.

This paper proposes a new method for secure bilateral transactions determination in the presence of distributed generation share in bilateral coordinated electricity markets.

The secure bilateral transactions have been determined with different share of distributed generation along with the conventional generators.

The pattern of secure bilateral transactions for conventional generation, distributed generation, generation share for bilateral demand, and demand pattern have been obtained for pool plus bilateral market model.

The proposed technique has been applied on IEEE 24-bus reliability test system (RTS).