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The proliferation of renewable energy enhances the sustainability of power systems, but the inherent variability also poses great challenges to the planning and operation of large power grids. The corresponding electric power deficiencies can be compensated by fast ramping generators and energy storage devices. However, frequent ramp up/down power adjustments can increase the operation and the maintenance cost of generators. Moreover, storage devices are regarded as costly alternatives. Demand response (DR) and transactive energy can address this problem owing to its attractive and versatile...

This book provides insight into the coordinated optimization of local energy market (LEM) with low-carbon digital operation of the distribution system from a demand-side perspective. There are four sections to characterize the ongoing development and future trends of LEM, including trading behaviors of prosumers, market design considering the impacts of uncertainties, LEM constrained by the distribution network, green LEM considering carbon emission and cutting-edge technologies. This book is expected to offer researchers, engineers, and graduate students in the fields of electrical...