Day-ahead local flexibility market for active and reactive power with linearized network constraints

This paper presents a Day-Ahead Local Flexibility Market in the Distribution Network cleared using a novel Successive Linear Programming algorithm for Optimal Power Flow in the Distribution Network. The proposed algorithm is shown to be robust and produce high quality, AC feasible solutions with satisfactory solution speed. The efficiency of the proposed algorithm is validated via its application in various distribution networks and under different loading scenarios. The proposed Flexibility Market encompasses flexibility products for upward and downward active energy as well as service products for the provision of reactive power. The efficiency of the proposed Flexibility Market in solving operational issues of the distribution network is demonstrated via a case-study.