Pinson, Pierre

Wang, Jianhui

Wang, Qi

Zhang, Chunyu

Østergaard, Jacob

This paper presents a methodology to obtain the optimal trading strategies between the proactive distribution company (PDISCO), heterogeneous distributed generation owners (DGOs) and wholesale market in a real-time trading framework. In this framework, the PDISCO’s decisions cover the power procurements from DGOs and the transactions within the real-time market. A one-leader multi-follower-type bilevel model is proposed to embody the PDISCO-DGO gaming structure. The upper-level (UL) problem is to maximize the PDISCO’s profit, while the lower-level (LL) problem indicates the profit maximization per DGO. Since the UL problem is non-linear and non-convex and the LL problems are linear and convex, we reformulate the proposed model to a solvable mathematical program with equilibrium constraints (MPEC) by an equivalent primal-dual approach. The numerical results of the case studies show the effectiveness and scalability of the proposed model

Online Research Database In Technology

Real-Time Trading Strategies of Proactive DISCO with Heterogeneous DG Owners.

http://orbit.dtu.dk/ws/files/125271386/TSG_01324_2015.pdf

Real-Time Trading Strategies of Proactive DISCO with Heterogeneous DG Owners.

Abstract

Similar works

Full text

Available Versions

Online Research Database In Technology