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| Content Provider | IET Digital Library |
|---|---|
| Author | Rider, Marcos J. Lezama, Jesús María López Contreras, Javier Feltrin, Antonio Padilha |
| Abstract | In this study, a novel approach for the optimal location and contract pricing of distributed generation (DG) is presented. Such an approach is designed for a market environment in which the distribution company (DisCo) can buy energy either from the wholesale energy market or from the DG units within its network. The location and contract pricing of DG is determined by the interaction between the DisCo and the owner of the distributed generators. The DisCo intends to minimise the payments incurred in meeting the expected demand, whereas the owner of the DG intends to maximise the profits obtained from the energy sold to the DisCo. This two-agent relationship is modelled in a bilevel scheme. The upper-level optimisation is for determining the allocation and contract prices of the DG units, whereas the lower-level optimisation is for modelling the reaction of the DisCo. The bilevel programming problem is turned into an equivalent single-level mixed-integer linear optimisation problem using duality properties, which is then solved using commercially available software. Results show the robustness and efficiency of the proposed model compared with other existing models. As regards to contract pricing, the proposed approach allowed to find better solutions than those reported in previous works. |
| Starting Page | 724 |
| Ending Page | 734 |
| Page Count | 11 |
| ISSN | 17518687 |
| Volume Number | 7 |
| e-ISSN | 17518695 |
| Issue Number | Issue 7, Jul (2013) |
| Alternate Webpage(s) | https://digital-library.theiet.org/content/journals/iet-gtd/7/7 |
| Alternate Webpage(s) | https://digital-library.theiet.org/content/journals/10.1049/iet-gtd.2012.0369 |
| Journal | IET Generation, Transmission & Distribution |
| Access Restriction | Open |
| Rights Holder | © The Institution of Engineering and Technology |
| Subject Keyword | 34-node Test-distribution System Bilevel Programming Problem Contract Pricing DisCo Distributed Generation Distributed Power Generation Distribution Company Distribution Network Duality (mathematics) Duality Property Equivalent Single-level Mixed-integer Linear Optimisation Problem Integer Programming Linear Programming Lower-level Optimisation Market Environment Optimal Location Optimisation Technique Power Distribution Economics Power System Economics Power System Managemen Power System Operation Pricing Radial Distribution System Two-agent Relationship Upper-level Optimisation |
| Content Type | Text |
| Resource Type | Article |
| Subject | Control and Systems Engineering Energy Engineering and Power Technology Electrical and Electronic Engineering |
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