2018/11/21 by Panagiotis Andrianesis, Michael C. Caramanis, Andrianesis, Panagiotis +7
Engineering · #Electric Power System Optimization #FOS: Mathematics #Optimal Power Flow Distribution #Optimization and Control (math.OC) #Smart Grid Energy Management
paper · pdf · doi:10.48550/arxiv.1811.09006
openalex publication_date 2018/11/21 · openalex created_date 2022/08/01 · openalex updated_date 2026/07/28
In this paper, we address the issue of valuating Distributed Energy Resources\n(DERs) as Non-Wires Alternatives (NWAs) against wires investments in the\ntraditional distribution network planning process. Motivated by the recent\nliterature on Distribution Locational Marginal Prices, we propose a framework\nthat allows the planner to identify rigorously the short-term Locational\nMarginal Value (LMV) of DERs using the notion of Marginal Cost of Capacity\n(MCC) of the best grid investment alternative to monetize hourly network\nconstraint violations encountered during a yearly rate base timescale. We apply\nour methodology on two actual distribution feeders anticipated to experience\noverloads in the absence of additional DERs, and present numerical results on\ndesirable LMV-based generic DER adoption targets and associated costs that can\noffset or delay different types of grid wires investments. We close with a\ndiscussion on policy and actual DER adoption implementation.\n