Journal article
Coalitional Game-based transactive energy management in local energy communities
IEEE Transactions on Power Systems, Vol.35(3), pp.1729-1740
2020
Abstract
This paper focuses on transactive energy management in local energy communities and proposes a coalitional game model which considers the presence and utilization of flexible loads and the power output uncertainties from renewable energy sources. The superadditivity and balancedness of the proposed game model are proved rigorously by demonstrating that a nucleolus-based solution leads to a stable and fair payoff distribution scheme for all players. More specifically, the objective function is proved concave with its analytical expression, derived through an approximated piecewise linear function. The proposed allocation of realized payoffs is then proved to converge consistently to a nucleolus-based solution. It is demonstrated by numerical simulations that the grand coalition effectively increases the global payoff and the proposed allocation scheme contributes to peak shaving and valley filling in the overall load profile.
Details
- Title
- Coalitional Game-based transactive energy management in local energy communities
- Authors/Creators
- C. Feng (Author/Creator)F. Wen (Author/Creator) - Zhejiang University of TechnologyS. You (Author/Creator) - Technical University of DenmarkZ. Li (Author/Creator) - Zhejiang UniversityF. Shahnia (Author/Creator) - Murdoch UniversityM. Shahidehpour (Author/Creator) - Illinois Institute of Technology
- Publication Details
- IEEE Transactions on Power Systems, Vol.35(3), pp.1729-1740
- Publisher
- IEEE
- Identifiers
- 991005544268807891
- Copyright
- © 2020 IEEE
- Murdoch Affiliation
- School of Engineering and Energy
- Language
- English
- Resource Type
- Journal article
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- Collaboration types
- Domestic collaboration
- International collaboration
- Citation topics
- 4 Electrical Engineering, Electronics & Computer Science
- 4.18 Power Systems & Electric Vehicles
- 4.18.204 Smart Grid Optimization
- Web Of Science research areas
- Engineering, Electrical & Electronic
- ESI research areas
- Engineering