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Content Provider | IET Digital Library |
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Author | Ahmadi, Fatemeh Akrami, Alireza Doostizadeh, Meysam Aminifar, Farrokh |
Abstract | This study proposes a single-leader-multi follower game to model a bilevel retail market among an aggregator and multiple microgrids to determine the optimal demand scheduling of the consumer, as well as price-power bidding strategies of microgrids in an interactive scheme. In the lower level, microgrids which include several distributed energy resources and energy storage units, compete with each other and offer the optimal energy-price bids such that their individual profit is maximised, while energy dispatch among their energy resources is also determined. Then, in the upper-level problem, the aggregator leads the competition taking advantages of demand-side management including interruptible and shiftable loads to minimise its energy payment for real-time pricing of generation units. By means of Karush–Kuhn–Tucker optimality condition, the bilevel optimisation of Stackelberg game is reduced to a single-level mixed-integer linear programming problem. Moreover, impact of microgrids’ integration on the retail market clearance mechanism, as well as required incentives for such integration has been discussed in a separate scenario. |
Starting Page | 309 |
Ending Page | 317 |
Page Count | 9 |
Volume Number | 3 |
e-ISSN | 25152947 |
Issue Number | Issue 3, Jun (2020) |
Alternate Webpage(s) | https://digital-library.theiet.org/content/journals/iet-stg/3/3 |
Alternate Webpage(s) | https://digital-library.theiet.org/content/journals/10.1049/iet-stg.2019.0195 |
Journal | IET Smart Grid |
Publisher | The Institution of Engineering and Technology |
Publisher Date | 2020-01-13 |
Access Restriction | Open |
Rights License | Creative Commons Attribution License (http://creativecommons.org/licenses/by/3.0/) |
Subject Keyword | Aggregator Bilevel Optimisation Bilevel Retail Market Demand Side Management Distributed Energy Resources Distributed Power Generation Energy Dispatch Energy Payment Energy Storage Units Game Theory Generation Units Individual Profit Integer Programming Interactive Scheme Interruptible Load Karush–Kuhn–Tucker Optimality Condition Linear Programming Mixed-integer Linear Programming Problem Multiple Microgrid Optimal Demand Scheduling Optimal Energy-price Bids Optimisation Technique Power Generation Economics Power Generation Scheduling Power Market Power System Economics Power System Managemen Power System Operation Price-power Bidding Strategy Pricing Profitability Real-time Pricing Retail Market Clearance Mechanism Shiftable Load Single-leader-multifollower Game Stackelberg Game Upper-level Problem |
Content Type | Text |
Resource Type | Article |
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