Bilaterally Open Electricity Markets with High Penetration of Renewables

Liu，Xianglu1; You，Pengcheng1; Yang，Zaiyue2; Yang，Qinmin1

10.1109/ICCA.2018.8444310

2018-08-21

1948-3449

1948-3457

978-1-5386-6090-4

IEEE International Conference on Control and Automation, ICCA

2018-June

908-913

12-15 June 2018

Anchorage, AK, United states

IEEE Computer Society

This paper investigates a multi-generator-multiconsumer scenario in a day-ahead electricity market with high penetration of renewable energy and price-sensitive consumers. The electricity generated by renewables will also be traded in the market. To take care of both the supply and demand sides as well as achieve a balance in between, we propose a twofolded clearing mechanism. Specifically, at the demand side, we adopt an evolutionary game to model the selection behavior of the population of consumers, while at the supply side, a distributed optimization approach is employed to maximize the profit of generators. Finally, simulation results show that the proposed mechanism converges fast to clear the market. In addition, sensitivity analyses are carried out to assess the impact from the risk tolerance of consumers.

Day-ahead market distributed algorithm evolutionary game pricing mechanism renewable generation

其他

英语

EI

Natural Science Foundation of Zhejiang Province[LR16F030002] ; Nanjing Institute of Technology[XTCX201607] ; National Natural Science Foundation of China[61751205] ; National Natural Science Foundation of China[61673347]

20183805818931

Commerce ; Consumer behavior ; Parallel algorithms ; Risk assessment ; Sensitivity analysis

Accidents and Accident Prevention:914.1 ; Mathematics:921 ; Atomic and Molecular Physics:931.3

2-s2.0-85053115729

Scopus

1.College of Control Science and Engineering, State Key Laboratory of Industrial Control Technology, Zhejiang University, ,Hangzhou,China
2.Department of Mechanical and Energy Engineering, Southern University of Science and Technology, ,Shenzhen,China

Liu，Xianglu,You，Pengcheng,Yang，Zaiyue,et al. Bilaterally Open Electricity Markets with High Penetration of Renewables[C]:IEEE Computer Society,2018:908-913.