NDLI: Bargaining-based cooperative game among multi-aggregators with overlapping consumers in incentive-based demand response

Content Provider	IET Digital Library
Author	Zheng, Shunlin Sun, Yi Li, Bin Qi, Bing Shi, Kun Li, Yuanfei Du, Yi
Abstract	To solve irreconcilable pricing strategies of multi-aggregators when overlapping consumers join in the incentive-based demand response programs, this study proposes a bargaining-based cooperative game among multi-aggregators with overlapping consumers. In the game, bargaining set is designed as an unbiased agreement which benefits all players in the game. Nash equilibrium (NE) of the proposed bargaining-based cooperative game is proved to exist uniquely, and the authors propose a hierarchical comparison algorithm to find the NE. In addition, the authors also propose a diverse compensation price (DCP) trading model between electric utility company (EUC) and demand response aggregators to save the cost of EUC and to improve the flexibility of trading. Simulation results not only verify the validity of the bargaining-based cooperative game and the hierarchical comparison algorithm but also testify the merits of DCP trading model in saving the compensation cost of EUC.
Starting Page	1077
Ending Page	1090
Page Count	14
ISSN	17518687
Volume Number	14
e-ISSN	17518695
Issue Number	Issue 6, Mar (2020)
Alternate Webpage(s)	https://digital-library.theiet.org/content/journals/iet-gtd/14/6
Alternate Webpage(s)	https://digital-library.theiet.org/content/journals/10.1049/iet-gtd.2019.1084
Journal	IET Generation, Transmission & Distribution
Publisher Date	2019-11-28
Access Restriction	Open
Rights Holder	© The Institution of Engineering and Technology
Subject Keyword	Bargaining Set Bargaining-based Cooperative Game DCP Trading Model Demand Side Management Diverse Compensation Price Trading Model Electric Utility Company EUC Game Theory Hierarchical Comparison Algorithm Incentive Scheme Incentive-based Demand Response Programs Irreconcilable Pricing Strategy Multiaggregators Nash Equilibrium Overlapping Consumers Power Market Power System Economics Power System Managemen Power System Operation Pricing Response Aggregators
Content Type	Text
Resource Type	Article
Subject	Control and Systems Engineering Energy Engineering and Power Technology Electrical and Electronic Engineering

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1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
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3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
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