A Stochastic Stackelberg Game Framework for Demand-side Participation in the Reserve Market

Chen，Shibo1; Liu，Wenjie1; Miao，Haoyu1; Guo，Zhenwei2; Yang，Zaiyue1

10.1109/VTC2021-Fall52928.2021.9625227

2021

94th IEEE Vehicular Technology Conference (VTC-Fall)

1550-2252

978-1-6654-1369-5

IEEE Vehicular Technology Conference

2021-September

01-06

SEP 27-30, 2021

null,null,ELECTR NETWORK

345 E 47TH ST, NEW YORK, NY 10017 USA

IEEE

In this paper, we consider a scenario where each aggregator represents a group of demand-side users to participate in the reserve market. The competition among aggregators and the conventional thermal power plant (TPP) is analyzed using game theoretic methods. In consideration of the possible uncertainty about market information for aggregators, a stochastic Stackelberg game model is proposed, where aggregators act as multiple leaders and the TPP acts as the follower. Existence and uniqueness of the stochastic Stackelberg equilibrium is further derived, and a distributed algorithm is developed to approximate it. Our simulation results validate our proposed framework and demonstrate that demand-side participation in the reserve market can significantly reduce the total system cost.

aggregators Reserve market Stackelberg game stochastic optimization

第一

英语

CPCI-S ; EI

National Key Research and Development Program of China[2019YFB1705401] ; Natural Science Foundation of China[61903179,61873118] ; Science, Technology and Innovation Commission of Shenzhen Municipality["RCBS20200714114918137","ZDSYS20200811143601004"]

Engineering ; Telecommunications ; Transportation

Engineering, Electrical & Electronic ; Telecommunications ; Transportation Science & Technology

WOS:000786411900110

20220411493278

Game theory ; Optimization ; Power markets ; Stochastic models ; Stochastic systems

Thermoelectric Energy:615.4 ; Control Systems:731.1 ; Optimization Techniques:921.5 ; Probability Theory:922.1 ; Systems Science:961

2-s2.0-85122990455

Scopus

1.Southern University of Science and Technology,Shenzhen Key Laboratory of Biomimetic Robotics and Intelligent Systems,Department of Mechanical and Energy Engineering and Guangdong Provincial,Key Laboratory of Human-Augmentation and Rehabilitation Robotics in Universities,Shenzhen,518055,China
2.Zhejiang University,State Key Laboratory of Industrial Control Technology,China

Chen，Shibo,Liu，Wenjie,Miao，Haoyu,et al. A Stochastic Stackelberg Game Framework for Demand-side Participation in the Reserve Market[C]. 345 E 47TH ST, NEW YORK, NY 10017 USA:IEEE,2021:01-06.