Local Electricity Markets introduces the fundamental characteristics, needs, and constraints shaping the design and implementation of local electricity markets. It addresses current proposed local market models and lessons from their limited practical implementation. The work discusses relevant decision and informatics tools considered important in the implementation of local electricity markets. It also includes a review on management and trading platforms, including commercially available tools. Aspects of local electricity market infrastructure are identified and discussed, including physical and software infrastructure. It discusses the current regulatory frameworks available for local electricity market development internationally. The work concludes with a discussion of barriers and opportunities for local electricity markets in the future. - Delineates key components shaping the design and implementation of local electricity market structure - Provides a coherent view on the enabling infrastructures and technologies that underpin local market expansion - Explores the current regulatory environment for local electricity markets drawn from a global panel of contributors - Exposes future paths toward widespread implementation of local electricity markets using an empirical review of barriers and opportunities - Reviews relevant local electricity market case studies, pilots and demonstrators already deployed and under implementation

Scheduling and Operation of Virtual Power Plants: Technical Challenges and Electricity Markets provides a multidisciplinary perspective on recent advances in VPPs, ranging from required infrastructures and planning to operation and control. The work details the required components in a virtual power plant, including smartness of power system, instrument and information and communication technologies (ICTs), measurement units, and distributed energy sources. Contributors assess the proposed benefits of virtual power plant in solving problems of distributed energy sources in integrating the small, distributed and intermittent output of these units. In addition, they investigate the likely technical challenges regarding control and interaction with other entities. Finally, the work considers the role of VPPs in electricity markets, showing how distributed energy resources and demand response providers can integrate their resources through virtual power plant concepts to effectively participate in electricity markets to solve the issues of small capacity and intermittency. The work is suitable for experienced engineers, researchers, managers and policymakers interested in using VPPs in future smart grids. - Explores key enabling technologies and infrastructures for virtual power plants in future smart energy systems - Reviews technical challenges and introduces solutions to the operation and control of VPPs, particularly focusing on control and interaction with other power system entities - Introduces the key integrating role of VPPs in enabling DER powered participative electricity markets

Quantitative, accessible, multidisciplinary and fully updated, with new coverage of energy storage, microgrids and off-grid systems.

Based on the author’s twenty years of experience, this book shows the practicality of modern, conceptually new, wide area voltage control in transmission and distribution smart grids, in detail. Evidence is given of the great advantages of this approach, as well as what can be gained by new control functionalities which modern technologies now available can provide. The distinction between solutions of wide area voltage regulation (V-WAR) and wide area voltage protection (V-WAP) are presented, demonstrating the proper synergy between them when they operate on the same power system as well as the simplicity and effectiveness of the protection solution in this case. The author provides an overview and detailed descriptions of voltage controls, distinguishing between generalities of underdeveloped, on-field operating applications and modern and available automatic control solutions, which are as yet not sufficiently known or perceived for what they are: practical, high-performance and reliable solutions. At the end of this thorough and complex preliminary analysis the reader sees the true benefits and limitations of more traditional voltage control solutions, and gains an understanding and appreciation of the innovative grid voltage control and protection solutions here proposed; solutions aimed at improving the security, efficiency and quality of electrical power system operation around the globe. Voltage Control and Protection in Electrical Power Systems: from System Components to Wide Area Control will help to show engineers working in electrical power companies and system operators the significant advantages of new control solutions and will also interest academic control researchers studying ways of increasing power system stability and efficiency.

Energy systems are transiting from conventional energy systems to modernized and smart energy systems. This Special Issue covers new advances in the emerging technologies for modern energy systems from both technical and management perspectives. In modern energy systems, an integrated and systematic view of different energy systems, from local energy systems and islands to national and multi-national energy hubs, is important. From the customer perspective, a modern energy system is required to have more intelligent appliances and smart customer services. In addition, customers require the provision of more useful information and control options. Another challenge for the energy systems of the future is the increased penetration of renewable energy sources. Hence, new operation and planning tools are required for hosting renewable energy sources as much as possible.

Microgrids are the most innovative area in the electric power industry today. Future microgrids could exist as energy-balanced cells within existing power distribution grids or stand-alone power networks within small communities. A definitive presentation on all aspects of microgrids, this text examines the operation of microgrids – their control concepts and advanced architectures including multi-microgrids. It takes a logical approach to overview the purpose and the technical aspects of microgrids, discussing the social, economic and environmental benefits to power system operation. The book also presents microgrid design and control issues, including protection and explaining how to implement centralized and decentralized control strategies. Key features: original, state-of-the-art research material written by internationally respected contributors unique case studies demonstrating success stories from real-world pilot sites from Europe, the Americas, Japan and China examines market and regulatory settings for microgrids, and provides evaluation results under standard test conditions a look to the future – technical solutions to maximize the value of distributed energy along with the principles and criteria for developing commercial and regulatory frameworks for microgrids Offering broad yet balanced coverage, this volume is an entry point to this very topical area of power delivery for electric power engineers familiar with medium and low voltage distribution systems, utility operators in microgrids, power systems researchers and academics. It is also a useful reference for system planners and operators, manufacturers and network operators, government regulators, and postgraduate power systems students. CONTRIBUTORS Thomas Degner Aris Dimeas Alfred Engler Nuno Gil Asier Gil de Muro Guillermo Jiménez-Estévez George Kariniotakis George Korres André Madureira Meiqin Mao Chris Marnay Jose Miguel Yarza Satoshi Morozumi Alexander Oudalov Frank van Overbeeke Rodrigo Palma Behnke Joao Abel Pecas Lopes Fernanda Resende John Romankiewicz Christine Schwaegerl Nikos Soultanis Liang Tao Antonis Tsikalakis