NDLI: Distributed optimal energy scheduling based on a novel PD pricing strategy in smart grid

Content Provider	IET Digital Library
Author	Guo, Fanghong Wen, Changyun Li, Zhengguo
Abstract	Pricing function plays an important role in optimal energy scheduling problem in smart grid systems. The authors propose a novel real-time pricing (RTP) strategy named proportional and derivative (PD) pricing. Different from conventional RTP strategies, which only depend on the current total energy consumption, their proposed pricing strategy also takes the historical energy consumption into consideration, which aims to further fill the valley load and shave the peak load. An optimal energy scheduling problem is then formulated to minimise the total social cost of the overall power system. Two different distributed optimisation algorithms with different communication strategies are proposed to solve the problem. Several case studies implemented on a heating ventilation and air conditioning system are tested and discussed to show the effectiveness of both the proposed pricing function and distributed optimisation algorithms.
Starting Page	2075
Ending Page	2084
Page Count	10
ISSN	17518687
Volume Number	11
e-ISSN	17518695
Issue Number	Issue 8, Jun (2017)
Alternate Webpage(s)	https://digital-library.theiet.org/content/journals/iet-gtd/11/8
Alternate Webpage(s)	https://digital-library.theiet.org/content/journals/10.1049/iet-gtd.2016.1722
Journal	IET Generation, Transmission & Distribution
Publisher Date	2017-03-24
Access Restriction	Open
Rights Holder	© The Institution of Engineering and Technology
Subject Keyword	Air Conditioning System Communication Strategy Distributed Optimal Energy Scheduling Distributed Optimisation Algorithm Distributed Power Generation Energy Consumption Heating Ventilation Optimisation Optimisation Technique PD Pricing PD Pricing Strategy Power Generation Economics Power Generation Scheduling Power Market Power System Power System Economics Power System Managemen Power System Operation Pricing Pricing Function Proportional And Derivative Pricing Real-time Pricing Strategy RTP Strategy Smart Grid Smart Grid System Smart Power Grid
Content Type	Text
Resource Type	Article
Subject	Control and Systems Engineering Energy Engineering and Power Technology Electrical and Electronic Engineering

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