IDEAS home Printed from
MyIDEAS: Login to save this article or follow this journal

Fair electricity transfer price and unit capacity selection for microgrids

  • Zhang, Di
  • Samsatli, Nouri J.
  • Hawkes, Adam D.
  • Brett, Dan J.L.
  • Shah, Nilay
  • Papageorgiou, Lazaros G.
Registered author(s):

    Microgrids are defined as an area of electricity distribution network that can operate autonomously from the rest of the network. In order to achieve the best economic outcomes, the participants in a microgrid can benefit from cooperation in microgrid design and operation. In this paper, a mathematical programming formulation is presented for fair, optimised cost distribution amongst participants in a general microgrid. The proposed formulation is based on the Game-theory Nash bargaining solution approach for finding optimal multi-partner cost levels subject to given upper bounds on the equivalent annual costs. The microgrid planning problem concerning the fair electricity transfer price and unit capacity selection is first formulated as a mixed integer non-linear programming model. Then, a separable programming approach is applied to reform the resulting mixed integer non-linear programming model to a mixed integer linear programming form. The model is applied to a case study with a microgrid involving five participants.

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL:
    Download Restriction: Full text for ScienceDirect subscribers only

    As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

    Article provided by Elsevier in its journal Energy Economics.

    Volume (Year): 36 (2013)
    Issue (Month): C ()
    Pages: 581-593

    in new window

    Handle: RePEc:eee:eneeco:v:36:y:2013:i:c:p:581-593
    Contact details of provider: Web page:

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:eee:eneeco:v:36:y:2013:i:c:p:581-593. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zhang, Lei)

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.