A Consensus-Based Transactive Energy Design for Unbalanced Distribution Networks

This study develops a consensus-based transactive energy design managed by an Independent Distribution System Operator (IDSO) for an unbalanced distribution network. The network is populated by welfare-maximizing customers with price-sensitive and fixed loads who make multiple successive power decisions during each Operating Period (OP). The IDSO and customers engage in a negotiation process in advance of each OP to determine retail prices for OP that align customer power decisions with network constraints in a manner that preserves customer privacy. Convergence and optimality properties of this proposed design are established for an analytically formulated illustration: an unbalanced radial distribution network, populated by households, that is electrically connected to a relatively large RTO/ISO-managed transmission network. Numerical test cases are reported for a 123-bus unbalanced radial distribution network that demonstrate these properties.