NDLI: Multi-leader–follower game theory for modelling interaction between virtual power plants and distribution company

Content Provider	IET Digital Library
Author	Zangeneh, Ali Rad, Ali Shayegan Nazari, Farshid
Abstract	Virtual power plant (VPP) is an entity that aggregates generation of distributed generation units. Thus, it is important to design a competitive framework which models the participation of the VPPs in the electricity market along with their trading with distribution company (DisCo). This study proposes a bilevel programming framework using the concept of multi-leader–follower game theory to determine the optimal contract prices of VPPs which compete against each other in the distribution network. The optimal prices are used for setting annual bilateral contracts with VPPs. The leader layer of the proposed bilevel problem includes VPPs, which try to maximise their profits, while the follower problem corresponds to the cost function of the DisCo, which aims to minimise the payments of supplying the forecasted demand. The DisCo optimisation problem is transferred by its Karush–Kuhn–Tucker optimality conditions, turning each VPP problem into an equivalent single-level optimisation problem. Some case studies are defined and implemented to assess the performance of the proposed scheduling model.
Starting Page	5747
Ending Page	5752
Page Count	6
ISSN	17518687
Volume Number	12
e-ISSN	17518695
Issue Number	Issue 21, Nov (2018)
Alternate Webpage(s)	https://digital-library.theiet.org/content/journals/iet-gtd/12/21
Alternate Webpage(s)	https://digital-library.theiet.org/content/journals/10.1049/iet-gtd.2018.5798
Journal	IET Generation, Transmission & Distribution
Publisher Date	2018-09-27
Access Restriction	Open
Rights Holder	© The Institution of Engineering and Technology
Subject Keyword	Aggregates Generation Annual Bilateral Contracts Bilevel Problem Bilevel Programming Framework Competitive Framework Contracts DisCo Optimisation Problem Distributed Generation Units Distribution Company Distribution Network Electricity Market Equivalent Single-level Optimisation Problem Follower Problem Corresponds Game Theory Karush–Kuhn–Tucker Optimality Conditions Leader Layer Modelling Interaction Multileader–follower Game Theory Optimal Contract Prices Optimal Prices Optimisation Optimisation Technique Power Market Power System Economics Power System Managemen Power System Operation Pricing Profitability Scheduling Model Virtual Power Plant VPP Problem
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
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
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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