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On the Fairness of Centralised Decision-Making Strategies in multi-TSO Power Systems

Author

Listed:
  • Yannick Phulpin

    (SUPELEC-Campus Gif - Ecole Supérieure d'Electricité - SUPELEC (FRANCE))

  • M. Begovic

    (Georgia Institute of Technology [Atlanta])

  • Marc Petit

    (SUPELEC-Campus Gif - Ecole Supérieure d'Electricité - SUPELEC (FRANCE))

  • Damien Ernst

    (Université de Liège)

Abstract

In this paper, we consider an interconnected power system, where the different Transmission System Operators (TSOs) have agreed to transferring some of their competences to a Centralised Control Center (CCC). In such a context, a recurrent difficulty for the CCC is to define decision-making strategies which are fair enough to every TSO of the interconnected system. We address this multiobjective problem when the objective of every TSO can be represented by a real-valued function. We propose an algorithm to elect the solution that leads to the minimisation of the distance with the utopian minimum after having normalised the different objectives. We analyse the fairness of this solution in the sense of economics. We illustrate the approach with the IEEE 118 bus system partitioned in 3 areas having as local objective the minimisation of active power losses, the maximisation of reactive power reserves, or a combination of both criteria.

Suggested Citation

  • Yannick Phulpin & M. Begovic & Marc Petit & Damien Ernst, 2008. "On the Fairness of Centralised Decision-Making Strategies in multi-TSO Power Systems," Post-Print hal-00305460, HAL.
    • Handle: RePEc:hal:journl:hal-00305460
    Note: View the original document on HAL open archive server: https://centralesupelec.hal.science/hal-00305460
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    References listed on IDEAS

    as
    1. David L. Dickinson & Jill Tiefenthaler, 2002. "What Is Fair? Experimental Evidence," Southern Economic Journal, John Wiley & Sons, vol. 69(2), pages 414-428, October.
    2. Konow, James, 1996. "A positive theory of economic fairness," Journal of Economic Behavior & Organization, Elsevier, vol. 31(1), pages 13-35, October.
    3. Rabin, Matthew, 1993. "Incorporating Fairness into Game Theory and Economics," American Economic Review, American Economic Association, vol. 83(5), pages 1281-1302, December.
    Full references (including those not matched with items on IDEAS)

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