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An improved Shapley value-based profit allocation method for CHP-VPP

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  • Fang, Fang
  • Yu, Songyuan
  • Liu, Mingxi

Abstract

This paper develops a novel method of profit allocation for multiple distributed energy resources (DERs) that co-exist in a combined heat and power-virtual power plant (CHP-VPP). The innovative concept of CHP-VPP enables the coordinated dispatching of heat and power, leading to greater decision making flexibility and immense monetary benefits. CHP-VPP operation models with uncertainties are built based on the inherent behaviors of DERs operating in two coupled energy networks, i.e., the electricity and the heat networks. To balance the interests of multiple stakeholders in the coupled energy networks, a cooperative game scheduling model for CHP-VPP is established. An improved Shapley value method is developed and implemented to achieve the optimal profit allocation. Realistic simulations on a 4-node test system and a modified IEEE 30-node + Heat 14-node system verify the efficacy of the proposed approach.

Suggested Citation

  • Fang, Fang & Yu, Songyuan & Liu, Mingxi, 2020. "An improved Shapley value-based profit allocation method for CHP-VPP," Energy, Elsevier, vol. 213(C).
    • Handle: RePEc:eee:energy:v:213:y:2020:i:c:s0360544220319125
    DOI: 10.1016/j.energy.2020.118805
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    5. Cremers, Sho & Robu, Valentin & Zhang, Peter & Andoni, Merlinda & Norbu, Sonam & Flynn, David, 2023. "Efficient methods for approximating the Shapley value for asset sharing in energy communities," Applied Energy, Elsevier, vol. 331(C).
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    10. Wang, Xuejie & Li, Bingkang & Wang, Yuwei & Lu, Hao & Zhao, Huiru & Xue, Wanlei, 2022. "A bargaining game-based profit allocation method for the wind-hydrogen-storage combined system," Applied Energy, Elsevier, vol. 310(C).
    11. Tan, Yue Dian & Lim, Jeng Shiun & Andiappan, Viknesh & Wan Alwi, Sharifah Rafidah, 2022. "Systematic optimisation framework for a sustainable multi-owner palm oil-based complex," Energy, Elsevier, vol. 261(PA).
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