Tata Consultancy Services Limited

Smita Sanjay Lokhande

Yogesh Kumar Bichpuriya

Narayanan Rajagopal

Venkatesh Sarangan

Aashutosh Kumar Soni

Sumit Kumar Ray

Subrata Indra

Subham Kumar

Vishnu Padmakumar Menon

Vivek Bandhu

Debarupa Das

This disclosure provides a system and method for flexibility based profit allocation for aggregator with distributed energy resources (DERs). The method of the present disclosure considers an aggregation model that allows an aggregator to orchestrate a set of heterogeneous DERs while enabling energy exchange among subscribed DERs and to participate in a day-ahead market. Further, a flexibility index is used to quantify the flexibility offered by a DER and a novel profit allocation model is proposed based on the flexibility index. Efficacy of the proposed models is demonstrated by evaluating their performance on a group of heterogeneous DERs using data traces from real-world electricity market.

System and method for flexibility based profit allocation for aggregator with distributed energy resources

This disclosure relates generally to a system and method for transactive energy (TE) market model. Existing TE models either consider market without a network simulation model or both the market model and the network simulation model are considered in a single formulation which makes the computation complex. The disclosed system considers both the power flow simulation of the network and the market model in a sequence. In other words, the disclosed system decouples the market model and network model to reduce the computational complexity at the same time without sacrificing on the technical feasibility of the solution.

System and method for transactive energy market

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Mumbai, India

Smita Sanjay Lokhande