An aggregator-oriented hierarchical market mechanism for multi-type ancillary service provision based on the two-loop Stackelberg game

Li, Jiamei; Ai, Qian; Yin, Shuangrui; Hao, Ran

doi:10.1016/j.apenergy.2022.119644

Cited by 19 publications

(3 citation statements)

References 48 publications

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“…In addition to the simulation approaches listed in Table I, some works have explored the use of game-theory techniques [39]- [41] and bidding methods [42]- [44] for the acquisition of AS.…”

Section: Background and Literature Reviewmentioning

confidence: 99%

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A Simulation of Market-based Non-frequency Ancillary Service Procurement Based on Demand Flexibility

Faia¹,

Lezama²,

Pinto³

et al. 2023

Journal of Modern Power Systems and Clean Energy

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This paper proposes a novel approach for the provision of non-frequency ancillary service (AS) by consumers connected to low-voltage distribution networks. The proposed approach considers an asymmetric pool-based local market for AS negotiation, allowing consumers to set a flexibility quantity and desired price to trade. A case study with 98 consumers illustrates the proposed market-based non-frequency AS provision approach. Also, three different strategies of consumers' participation are implemented and tested in a real low-voltage distribution network with radial topology. It is shown that consumers can make a profit from the sale of their flexibility while contributing to keeping the network power losses, voltage, and current within pre-defined limits. Ultimately, the results demonstrate the value of AS coming directly from end-users.

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“…In addition to the simulation approaches listed in Table I, some works have explored the use of game-theory techniques [39]- [41] and bidding methods [42]- [44] for the acquisition of AS.…”

Section: Background and Literature Reviewmentioning

confidence: 99%

“…Reference [39] proposes a tri-layer multi-type AS market framework. Compared with the scope of the proposed work, this work does not consider the use of DSM and the AS should be procured in a non-discriminatory way.…”

Section: Background and Literature Reviewmentioning

confidence: 99%

A Simulation of Market-based Non-frequency Ancillary Service Procurement Based on Demand Flexibility

Faia¹,

Lezama²,

Pinto³

et al. 2023

Journal of Modern Power Systems and Clean Energy

View full text Add to dashboard Cite

show abstract

“…Unlike conventional thermal power generators with static output limits, RE generators are subject to time-variant maximum power outputs (Nguyen et al, 2022a), influenced by fluctuating weather conditions. This variability introduces a layer of complexity to the strategic maneuvers of market participants (Li et al, 2022a;Tang et al, 2022). In response to the intermittent (Xiao et al, 2020) and uncertain nature of renewables (Luo et al, 2022), several countries have enacted policies mandating that RE generators be equipped with energy storage (ES) systems proportional to their generation capacity (Yang et al, 2018;Li et al, 2022b).…”

Section: Introductionmentioning

confidence: 99%

Market equilibrium with strategic pricing and strategic constraints in renewable energy: the role of private energy storage

Xiao,

Meng,

et al. 2024

Front. Energy Res.

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With the increasing prevalence of renewable energy (RE) companies equipped with private energy storage (ES) systems, a dual capability emerges to offer strategic pricing and strategic constraints in market competition. Specifically, these RE companies can strategically leverage their own private ESs to modulate the variability of RE output limits and introduce modified constraints within the market. To examine these new strategic behaviors and the resulting market equilibria, we introduce an innovative bilevel strategic behavior model. The upper level of the model delineates the strategy for RE profit maximization through the imposition of strategic constraints and pricing schemes, while the lower level calculates the revenue outcomes for all entities in the day-ahead energy market clearing. The integration of the bilevel models from all strategic entities leads to the formulation of a new equilibrium problem with equilibrium constraints (EPEC), the solution of which indicates a novel market equilibrium. The impacts of these market equilibria on critical system operation metrics are then evaluated across two representative market mechanisms. Our numerical experiments reveal that RE exhibits low sensitivity to the private ES’s cost, suggesting that the behavior of imposing strategic constraints may be widespread among RE companies owning private ESs. Furthermore, the introduction of strategic constraints enhances the competitiveness of RE, significantly affecting social welfare, energy pricing, and RE integration rate. The study concludes with insights that could inform practical market transactions and system operations.

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Bi-Level Optimal Scheduling of Distribution Networks with the Photovoltaic Prosumer Groups Based on Contract Theory

Liu,

Tan,

Chen

et al. 2024

J. Electr. Eng. Technol.

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An aggregator-oriented hierarchical market mechanism for multi-type ancillary service provision based on the two-loop Stackelberg game

Cited by 19 publications

References 48 publications

A Simulation of Market-based Non-frequency Ancillary Service Procurement Based on Demand Flexibility

A Simulation of Market-based Non-frequency Ancillary Service Procurement Based on Demand Flexibility

Market equilibrium with strategic pricing and strategic constraints in renewable energy: the role of private energy storage

Bi-Level Optimal Scheduling of Distribution Networks with the Photovoltaic Prosumer Groups Based on Contract Theory

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