Analysis of pricing mechanisms in a microgrid with active electric energy storages

Abstract

A model of power market with a simple market clearing price mechanism on microgrid is considered. Market participants are consumers, prosumers with energy storage systems (ESS), and the power company as a guaranteed supplier. Prosumers charge their ESS in the first off-peak period with low prices from the power company and can decrease their demand or sell energy in the market through discharging the ESS in the second peak period. The strategic behavior of participants and their influences on a system state are postulated as the goal of work. Some use cases and model elements are discussed.