A Novel Incentive Mechanism for CCHP-Based Microgrids in Spinning Reserve

Guo, Jiqun; Yang, Li; Shen, Yunwei; Yu, Jian; Chen, Yihan

doi:10.1109/tpwrs.2020.3038920

Cited by 18 publications

(3 citation statements)

References 38 publications

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“…Through SNB, the benefits are distributed in an averagelyweighted manner [26]. Thus, in order to reflect the contribution of each member in the allocation process, ANB is applied in [26] and [27].Since wind power and TCLs are belong to different economic entities, it is so challenging to collect all private information that centralized optimization methods may be not suitable to this case. Considering the good convergence of the alternating direction method of multipliers (ADMM) decomposition technique in handling convex optimization problems [28], a two-stage Nash bargaining trading can be solved by ADMM in a decentralized manner [24,25].…”

Section: Background and Motivationmentioning

confidence: 99%

“…Constraints ( 23) and ( 24)-( 26) limits the variation ranges of the cluster power and SOC in each group, respectively. Constraint (27) ensures the offers of the aggregator are positive.…”

Section: Individual Bidding Strategy Of the Aggregator (1) Bidding St...mentioning

confidence: 99%

“…Through SNB, the benefits are distributed in an averagely‐weighted manner [26]. Thus, in order to reflect the contribution of each member in the allocation process, ANB is applied in [26] and [27]. Since wind power and TCLs are belong to different economic entities, it is so challenging to collect all private information that centralized optimization methods may be not suitable to this case.…”

Section: Introductionmentioning

confidence: 99%

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Coordinated bidding and trading strategy for wind power and thermostatic load in a novel market framework

Yin

2022

IET Renewable Power Gen

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Thanks to the uncertainty and fluctuation of wind power, the mismatch between the supply and load is increasing. Consequently, wind power should be responsible for the imbalance caused by its volatility. Meanwhile, thermostatic load (TCL) is becoming a promising regulation capacity provider with the development of demand side technology. This paper proposes a combined energy and regulation market framework to encourage wind power to pay for the regulation market cost. And a cooperation framework is presented, in which wind power and two types of TCLs exchange energy and regulation capacity to obtain cooperation benefits. The asymmetric Nash bargaining (ANB) is applied to allocate cooperation profits among members. To ensure the autonomy of each member, a decentralized method based on ADMM is introduced. Case studies show that the proposed bidding and trading strategy can increase the profit of each member and lock more regulation capacity in day‐ahead stage, and the proposed allocation method can distribute cooperation profits fairly.

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Section: Background and Motivationmentioning

confidence: 99%

“…Constraints ( 23) and ( 24)-( 26) limits the variation ranges of the cluster power and SOC in each group, respectively. Constraint (27) ensures the offers of the aggregator are positive.…”

Section: Individual Bidding Strategy Of the Aggregator (1) Bidding St...mentioning

confidence: 99%