A generic operations framework for discos in retail electricity markets

Algarni, Ayed A. S.; Bhattacharya, Kankar

doi:10.1109/psce.2009.4840195

Cited by 14 publications

(8 citation statements)

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“…The application of H-MG energy management systems with (e.g., [1,[3][4][5]) or without energy storage (ES) (e.g., [7-9, 14, 15]), and H-MGs interoperability (e.g., [10,11,16]) have been investigated in numerous research papers in the past. Developing general strategies for retail market operation have also been addressed in [17][18][19][20][21][22][23][24][25]. Colored Petri net technology [21], different game theory approaches using NIRA algorithm [22,24], Shapely value [24,26], and Cournot model [25] are among the methods which have been utilized for retail electricity market design.…”

Section: Introductionmentioning

confidence: 99%

An advanced retail electricity market for active distribution systems and home microgrid interoperability based on game theory

Marzband

Javadi

Pourmousavi

et al. 2018

Electric Power Systems Research

106

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The concept of active distribution network has emerged by the application of new generation and storage technologies, demand flexibility, and communication infrastructure. The main goal is to create infrastructure and algorithms to facilitate an increased penetration of distributed energy resources, application of demand response and storage technologies, and encourage local generation and consumption within the distribution network. However, managing thousands of prosumers with different requirements and objectives is a challenging task. To do so, market mechanisms are found to be necessary to fully exploit the potential of customers, known as Prosumers in this new era. This paper offers an advanced retail electricity market based on game theory for the optimal operation of home microgrids (H-MGs) and their interoperability within active distribution networks. The proposed market accommodates any number of retailers and prosumers incorporating different generation sources, storage devices, retailers, and demand response resources. It

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Section: Introductionmentioning

confidence: 99%

An advanced retail electricity market for active distribution systems and home microgrid interoperability based on game theory

Marzband

Javadi

Pourmousavi

et al. 2018

Electric Power Systems Research

106

View full text Add to dashboard Cite

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“…However, since energy prices in an EPX are uncertain at the time of planning, various considerations have been made. Some studies have been made on the energy acquisition problem of a distribution company using demand response . Carrión et al .…”

Section: Introductionmentioning

confidence: 99%

Distributed day‐ahead scheduling of community energy management system group considering uncertain market prices using stochastic optimization

Murakami

Kitamura

Naito

et al. 2019

IEEJ Transactions Elec Engng

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Because of the deregulation of electric power, electricity supply has changed from an exclusive supply by general electric utilities in each region to a competitive supply by various electric utilities. Furthermore, the wholesale electric power exchange (EPX) has been established, and it is becoming possible to procure and sell electricity through the market. Because the prices in the EPX are uncertain, a planning method considering the uncertainty is needed. A community energy management system (CEMS) stands between energy consumers in the community and energy suppliers. A CEMS purchases energy from external power supply sources and operates the equipment to provide ancillary service to consumers. In this paper, we consider the dayahead scheduling problem of a CEMS group using stochastic optimization.

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“…Over the last decade, there has been a growing trend toward Distributed Generation (DG) application in the distribution networks. DG has received great interests due to its potential benefits to both owner and power system such as energy revenue, energy loss reduction, voltage profile enhancement and deferral of distribution network expansion [1][2]. Restructuring in the electrical industry, technology advancement as well as environmental concerns have also caused DG to be even more attractive.…”

Section: Introductionmentioning

confidence: 99%

A bi-level approach for optimal contract pricing of independent dispatchable DG units in distribution networks

Mobarakeh

Rajabi-Ghahnavieh

Haghighat

2016

Int. Trans. Electr. Energ. Syst.

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Distributed Generation (DG) units are increasingly installed in the power systems. Distribution Companies (DisCo) can opt to purchase the electricity from DG in an energy purchase contract to supply the customer demand and reduce energy loss. This paper proposes a framework for optimal contract pricing of independent dispatchable DG units considering competition among them. While DG units tend to increase their profit from the energy purchase contract, DisCo minimizes the demand supply cost. Multi-leader follower game theory concept is used to analyze the situation in which competing DG units offer the energy price to DisCo and DisCo determines the DG generation. A bi-level approach is used to formulate the competition in which each DG problem is the upper-level problem and the DisCo problem is considered as the lower-level one. Combining the optimality conditions of all upper-level problems with the lower level problem results in a multi-DG equilibrium problem formulated as an equilibrium problem with equilibrium constraints (EPEC). Using a nonlinear approach, the EPEC problem is reformulated as a single nonlinear optimization model which is simultaneously solved for all independent DG units. The proposed framework was applied to the Modified IEEE 34-Bus Distribution Test System. Performance and robustness of the proposed framework in determining econo-technically fare DG contract price has been demonstrated through a series of analyses.Keywords: Distributed Generation (DG), Distribution Company (DisCo), Pricing, Game Theory, Multileader follower, Equilibrium Problems with Equilibrium Constraints (EPEC). Active power demand at node k in period t (MW). Voltage magnitude at node k in period t (V).Dual variable related to the power balance constraint at node k in period t.

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A generic operations framework for discos in retail electricity markets

Cited by 14 publications

References 0 publications

An advanced retail electricity market for active distribution systems and home microgrid interoperability based on game theory

An advanced retail electricity market for active distribution systems and home microgrid interoperability based on game theory

Distributed day‐ahead scheduling of community energy management system group considering uncertain market prices using stochastic optimization

A bi-level approach for optimal contract pricing of independent dispatchable DG units in distribution networks

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