Micro market based optimisation framework for decentralised management of distributed flexibility assets

Continuously changing electricity demand and intermittent renewable energy sources pose challenges to the operation of power systems. An alternative reinforcing grid infrastructure is deploy manage distributed storage In this work, a micro-energy market proposed for smart domestic trading in low-voltage distribution systems context high penetration photovoltaic battery addition, micro-balancing address congestions due unforeseen imbalance. Centralised decentralised management strategies are simulated real time, based on generation forecasts. electric vehicles also as potential solutions improve operation. A techno-economic evaluation informs key stakeholders, particular operators sustainable implementation strategies. The results show that reduces cost all users by 4.1–20.2%, depending their configuration. voltage deviation, peak reverse flow have been reduced 12.8%, 7.7% 85.6% respectively, with has demonstrated keep profile thermal characteristic within set limit case contingency.