NDLI: Multi-party energy management and economics of integrated energy microgrid with PV/T and combined heat and power system

Content Provider	IET Digital Library
Author	Ali, Arman Liu, Nian He, Li
Abstract	Focusing on the electricity and thermal energy requirement of contemporary buildings, a joint operation of photovoltaic thermal (PV/T)-based prosumers and a microturbine-based combined heat and power system has been presented to analyse the economics of a grid-connected microgrid (MG) system. The bidirectional flow of the electricity and heat model is considered and is optimally managed using a price-based demand response (DR) scheme. Thermal storage is exploited to ward off the substantial amount of heat wastages that enhance the system's reliability during any disruption of microturbine. The objective functions of both the prosumer and MG operator (MGO) are formulated as a profit maximisation problem where they interact with each other on the basis of DR activity. To establish this strategic decision-making process, the system is modelled as a Stackelberg equilibrium game, where MGO acts as a leader while PV/T prosumers act as a follower. The interaction or contribution of two players in a game is a problem of non-linear optimisation, which is solved by the differential evolution algorithm. In the end, in a case study, it has been proved that the results are quite lucrative for the proposed model.
Starting Page	451
Ending Page	461
Page Count	11
ISSN	17521416
Volume Number	13
e-ISSN	17521424
Issue Number	Issue 3, Feb (2019)
Alternate Webpage(s)	https://digital-library.theiet.org/content/journals/iet-rpg/13/3
Alternate Webpage(s)	https://digital-library.theiet.org/content/journals/10.1049/iet-rpg.2018.5071
Journal	IET Renewable Power Generation
Publisher Date	2018-11-22
Access Restriction	Open
Rights Holder	© The Institution of Engineering and Technology
Subject Keyword	Bidirectional Flow Cogeneration Contemporary Buildings Decision Making Distributed Power Generation Economics Electricity Energy Management System Evolutionary Computation Game Theory Grid-connected Microgrid System Heat Model Heat Wastages Integrated Energy Microgrid Joint Operation MGO Microturbine-based Combined Heat Multiparty Energy Management Optimisation Optimisation Technique Photovoltaic Thermal-based Prosumers Power System Power System Economics Power System Managemen Power System Operation Price-based Demand Response Scheme Pricing Profit Maximisation Problem Profitability Prosumer PV/T Prosumers Smart Power Grid Thermal Energy Requirement Thermal Storage
Content Type	Text
Resource Type	Article
Subject	Renewable Energy, Sustainability and the Environment

Sl.	Authority	Responsibilities	Communication Details
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
5	Website/Portal (Helpdesk)	Queries regarding NDLI and its services	support@ndl.gov.in
6	Contents and Copyright Issues	Queries related to content curation and copyright issues	content@ndl.gov.in
7	National Digital Library of India Club (NDLI Club)	Queries related to NDLI Club formation, support, user awareness program, seminar/symposium, collaboration, social media, promotion, and outreach	clubsupport@ndl.gov.in
8	Digital Preservation Centre (DPC)	Assistance with digitizing and archiving copyright-free printed books	dpc@ndl.gov.in
9	IDR Setup or Support	Queries related to establishment and support of Institutional Digital Repository (IDR) and IDR workshops	idr@ndl.gov.in

Optimal sizing and multi-energy management strategy for PV-biofuel-based off-grid systems

Distributed game-based pricing strategy for energy sharing in microgrid with PV prosumers

Two-phase integrated optimisation strategy for network restoration with photovoltaic generation

Distributed congestion management of distribution networks to integrate prosumers energy operation

Microgrid energy and reserve management incorporating prosumer behind-the-meter resources

Management of renewable-based multi-energy microgrids in the presence of electric vehicles

Study on the day-ahead co-operation strategy of regional integrated energy system including CCHP

Optimally coordinated dispatch of combined-heat-and-electrical network with demand response

Efficient energy management for a grid-tied residential microgrid

Multi-party energy management and economics of integrated energy microgrid with PV/T and combined heat and power system

Similar Documents

Optimal sizing and multi-energy management strategy for PV-biofuel-based off-grid systems

Distributed game-based pricing strategy for energy sharing in microgrid with PV prosumers

Two-phase integrated optimisation strategy for network restoration with photovoltaic generation

Distributed congestion management of distribution networks to integrate prosumers energy operation

Microgrid energy and reserve management incorporating prosumer behind-the-meter resources

Management of renewable-based multi-energy microgrids in the presence of electric vehicles

Study on the day-ahead co-operation strategy of regional integrated energy system including CCHP

Optimally coordinated dispatch of combined-heat-and-electrical network with demand response

Efficient energy management for a grid-tied residential microgrid

Multi-party energy management and economics of integrated energy microgrid with PV/T and combined heat and power system