Coordinated Market Clearing for Combined Thermal and Electric
Distribution Grid Operation
Abstract
To economically dispatch distributed energy resources (DERs) while
addressing operational concerns of the electric grid, distribution
locational marginal price (DLMP)-based market frameworks have been
formulated for the electric distribution grid. This paper proposes to
extend this methodology to thermal grids, i.e. district heating or
cooling systems, and presents a market-clearing mechanism based on the
alternating direction method of multipliers (ADMM) for coordinating
between thermal grid, electric grid and DER operation. The ability of
the proposed mechanism to achieve the market equilibrium for a combined
thermal and electric grid is demonstrated for a test case with 22
flexible loads (FLs).