Real-time pricing for smart grid with distributed energy and storage: A noncooperative game method considering spatially and temporally coupled constraints

Author(s):  
Li Tao ◽  
Yan Gao
Author(s):  
Li Tao ◽  
Yan Gao ◽  
Lei Cao ◽  
Hongbo Zhu

Purpose The purpose of this paper is to seek an efficient method to tackle the energy provision problem for smart grid with sparse constraints and distributed energy and storage devices. Design/methodology/approach A complex smart grid is first studied, in which sparse constraints and the complex make-up of different energy consumption due to the integration of distributed energy and storage devices and the emergence of multisellers are discussed. Then, a real-time pricing scheme is formulated to tackle the demand response based on sparse bilevel programming. And then, a bilevel genetic algorithm (BGA) is further designed. Finally, simulations are conducted to evaluate the performance of the proposed approach. Findings The considered situation is widespread in practice, and meanwhile, the other cases including traditional model without the sparse constraints can be seen as its extensions. The BGA based on sparse bilevel programming has advantages of “no need of convexity of the model.” Moreover, it is feasible without the need to disclose the private information to others; therefore, privacies are protected and system scalability is kept. Simulation results validate the proposed approach has good performance in maximizing social welfare and balancing system energy distribution. Research limitations/implications In this paper, the authors consider the sparse constraints due to the fact that each user can only choose limited utility companies per time slot. In reality, there exist some other sparse cases, which deserve further study in the future. Originality/value To the best of the authors’ knowledge, this is one of the very first studies to address pricing problems for the smart grid with consideration of sparse constraints and integration of distributed energy and storage devices.


2017 ◽  
Vol 260 ◽  
pp. 149-156 ◽  
Author(s):  
Yeming Dai ◽  
Yan Gao ◽  
Hongwei Gao ◽  
Hongbo Zhu

SIMULATION ◽  
2013 ◽  
Vol 89 (4) ◽  
pp. 513-523 ◽  
Author(s):  
Hassan Monsef ◽  
Bin Wu

2020 ◽  
Vol 108 ◽  
pp. 145-160 ◽  
Author(s):  
Jie Lin ◽  
Biao Xiao ◽  
Hanlin Zhang ◽  
Xinyu Yang ◽  
Peng Zhao

Sign in / Sign up

Export Citation Format

Share Document