IDEAS home Printed from https://ideas.repec.org/a/eee/renene/v249y2025ics0960148125006597.html

A price-based online energy management framework for heterogeneous prosumers without prediction

Author

Listed:
  • Tang, Wenhu
  • Chen, Weiwei
  • Guo, Caishan

Abstract

With the rapid proliferation of distributed energy resources (DERs), energy end-users are transforming from energy consumers to prosumers. The net energy of different prosumers is influenced by factors such as energy consumption plans and profit objectives, leading to stochastic patterns that are challenging for the power grid to control directly. Furthermore, due to the limited capacity, computational, and predictive capabilities of individual prosumers, direct participation in the wholesale electricity market is sometimes infeasible. In this context, it is necessary to investigate effective management strategies tailored for heterogeneous power prosumers to reduce the impact of their stochastic electricity loads on the grid. This paper introduces a price-based energy aggregation framework that allows retailers to aggregate prosumers for participation in the electricity markets with energy deviation in control. The framework includes an asynchronous communication mechanism and a pricing strategy: the asynchronous communication mechanism can mitigate the communication and computational burden associated with aggregating numerous prosumers; the pricing strategy obtains appropriate incentives to maximize prosumer benefits. In addition, based on the Lyapunov optimization algorithm, this strategy only requires current rather than accurate forecast information from prosumers while ensuring that the energy deviation remains within an acceptable range. The algorithm’s optimality and convergence are proven. Extensive case studies are conducted. The experiment results show that the proposed algorithm outperforms other benchmark algorithms in terms of energy deviation control and economic efficiency.

Suggested Citation

  • Tang, Wenhu & Chen, Weiwei & Guo, Caishan, 2025. "A price-based online energy management framework for heterogeneous prosumers without prediction," Renewable Energy, Elsevier, vol. 249(C).
  • Handle: RePEc:eee:renene:v:249:y:2025:i:c:s0960148125006597
    DOI: 10.1016/j.renene.2025.122997
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0960148125006597
    Download Restriction: Full text for ScienceDirect subscribers only

    File URL: https://libkey.io/10.1016/j.renene.2025.122997?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    References listed on IDEAS

    as
    1. Heydarian-Forushani, Ehsan & Golshan, Mohamad Esmail Hamedani & Shafie-khah, Miadreza & Catalão, João P.S., 2020. "A comprehensive linear model for demand response optimization problem," Energy, Elsevier, vol. 209(C).
    2. Rahim, Sahar & Wang, Zhen & Ju, Ping, 2022. "Overview and applications of Robust optimization in the avant-garde energy grid infrastructure: A systematic review," Applied Energy, Elsevier, vol. 319(C).
    3. Iria, José & Soares, Filipe & Matos, Manuel, 2019. "Optimal bidding strategy for an aggregator of prosumers in energy and secondary reserve markets," Applied Energy, Elsevier, vol. 238(C), pages 1361-1372.
    4. Gržanić, M. & Capuder, T. & Zhang, N. & Huang, W., 2022. "Prosumers as active market participants: A systematic review of evolution of opportunities, models and challenges," Renewable and Sustainable Energy Reviews, Elsevier, vol. 154(C).
    5. Dadashi, Mojtaba & Haghifam, Sara & Zare, Kazem & Haghifam, Mahmoud-Reza & Abapour, Mehdi, 2020. "Short-term scheduling of electricity retailers in the presence of Demand Response Aggregators: A two-stage stochastic Bi-Level programming approach," Energy, Elsevier, vol. 205(C).
    6. Hoque, Md Murshadul & Khorasany, Mohsen & Azim, M. Imran & Razzaghi, Reza & Jalili, Mahdi, 2024. "A framework for prosumer-centric peer-to-peer energy trading using network-secure export–import limits," Applied Energy, Elsevier, vol. 361(C).
    7. Iria, José & Scott, Paul & Attarha, Ahmad & Gordon, Dan & Franklin, Evan, 2022. "MV-LV network-secure bidding optimisation of an aggregator of prosumers in real-time energy and reserve markets," Energy, Elsevier, vol. 242(C).
    8. Hatziargyriou, Nikos D. & Asimakopoulou, Georgia E., 2020. "DER integration through a monopoly DER aggregator," Energy Policy, Elsevier, vol. 137(C).
    9. Ying, Chenhao & Zou, Yunyang & Xu, Yan, 2024. "Decentralized energy management of a hybrid building cluster via peer-to-peer transactive energy trading," Applied Energy, Elsevier, vol. 372(C).
    10. Burger, Scott & Chaves-Ávila, Jose Pablo & Batlle, Carlos & Pérez-Arriaga, Ignacio J., 2017. "A review of the value of aggregators in electricity systems," Renewable and Sustainable Energy Reviews, Elsevier, vol. 77(C), pages 395-405.
    11. Cheng, Xiaoyuan & Yao, Ruiqiu & Postnikov, Andrey & Hu, Yukun & Varga, Liz, 2024. "Decentralized intelligent multi-party competitive aggregation framework for electricity prosumers," Applied Energy, Elsevier, vol. 373(C).
    12. Iria, José & Scott, Paul & Attarha, Ahmad, 2020. "Network-constrained bidding optimization strategy for aggregators of prosumers," Energy, Elsevier, vol. 207(C).
    13. Liu, Xinrui & Li, Ming & Wang, Rui & Feng, Junbo & Dong, Chaoyu & Sun, Qiuye, 2024. "Low-carbon operation of multi-virtual power plants with hydrogen doping and load aggregator based on bilateral cooperative game," Energy, Elsevier, vol. 309(C).
    14. Correa-Florez, Carlos Adrian & Michiorri, Andrea & Kariniotakis, Georges, 2018. "Robust optimization for day-ahead market participation of smart-home aggregators," Applied Energy, Elsevier, vol. 229(C), pages 433-445.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Iria, José & Scott, Paul & Attarha, Ahmad & Gordon, Dan & Franklin, Evan, 2022. "MV-LV network-secure bidding optimisation of an aggregator of prosumers in real-time energy and reserve markets," Energy, Elsevier, vol. 242(C).
    2. Sun, Guoqiang & Shen, Sichen & Chen, Sheng & Zhou, Yizhou & Wei, Zhinong, 2022. "Bidding strategy for a prosumer aggregator with stochastic renewable energy production in energy and reserve markets," Renewable Energy, Elsevier, vol. 191(C), pages 278-290.
    3. Okur, Özge & Heijnen, Petra & Lukszo, Zofia, 2021. "Aggregator’s business models in residential and service sectors: A review of operational and financial aspects," Renewable and Sustainable Energy Reviews, Elsevier, vol. 139(C).
    4. Matthew Gough & Sérgio F. Santos & Mohammed Javadi & Rui Castro & João P. S. Catalão, 2020. "Prosumer Flexibility: A Comprehensive State-of-the-Art Review and Scientometric Analysis," Energies, MDPI, vol. 13(11), pages 1-32, May.
    5. Tang, Hong & Wang, Shengwei, 2022. "Multi-level optimal dispatch strategy and profit-sharing mechanism for unlocking energy flexibilities of non-residential building clusters in electricity markets of multiple flexibility services," Renewable Energy, Elsevier, vol. 201(P1), pages 35-45.
    6. Lu, Xiaoxing & Li, Kangping & Xu, Hanchen & Wang, Fei & Zhou, Zhenyu & Zhang, Yagang, 2020. "Fundamentals and business model for resource aggregator of demand response in electricity markets," Energy, Elsevier, vol. 204(C).
    7. Đorđe Lazović & Željko Đurišić, 2023. "Advanced Flexibility Support through DSO-Coordinated Participation of DER Aggregators in the Balancing Market," Energies, MDPI, vol. 16(8), pages 1-26, April.
    8. Carlos Adrian Correa-Florez & Andrea Michiorri & Georges Kariniotakis, 2019. "Comparative Analysis of Adjustable Robust Optimization Alternatives for the Participation of Aggregated Residential Prosumers in Electricity Markets," Energies, MDPI, vol. 12(6), pages 1-27, March.
    9. Sara Haghifam & Kazem Zare & Mehdi Abapour & Gregorio Muñoz-Delgado & Javier Contreras, 2020. "A Stackelberg Game-Based Approach for Transactive Energy Management in Smart Distribution Networks," Energies, MDPI, vol. 13(14), pages 1-34, July.
    10. Morales-España, Germán & Martínez-Gordón, Rafael & Sijm, Jos, 2022. "Classifying and modelling demand response in power systems," Energy, Elsevier, vol. 242(C).
    11. Jin, Xiaolong & Wu, Qiuwei & Jia, Hongjie, 2020. "Local flexibility markets: Literature review on concepts, models and clearing methods," Applied Energy, Elsevier, vol. 261(C).
    12. Coelho, António & Iria, José & Soares, Filipe, 2021. "Network-secure bidding optimization of aggregators of multi-energy systems in electricity, gas, and carbon markets," Applied Energy, Elsevier, vol. 301(C).
    13. Agostini, Marco & Bertolini, Marina & Coppo, Massimiliano & Fontini, Fulvio, 2021. "The participation of small-scale variable distributed renewable energy sources to the balancing services market," Energy Economics, Elsevier, vol. 97(C).
    14. Barja-Martinez, Sara & Aragüés-Peñalba, Mònica & Munné-Collado, Íngrid & Lloret-Gallego, Pau & Bullich-Massagué, Eduard & Villafafila-Robles, Roberto, 2021. "Artificial intelligence techniques for enabling Big Data services in distribution networks: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 150(C).
    15. Cheng, Xiaoyuan & Yao, Ruiqiu & Postnikov, Andrey & Hu, Yukun & Varga, Liz, 2024. "Decentralized intelligent multi-party competitive aggregation framework for electricity prosumers," Applied Energy, Elsevier, vol. 373(C).
    16. Wang, Zibo & Dong, Lei & Shi, Mengjie & Qiao, Ji & Jia, Hongjie & Mu, Yunfei & Pu, Tianjiao, 2023. "Market power modeling and restraint of aggregated prosumers in peer-to-peer energy trading: A game-theoretic approach," Applied Energy, Elsevier, vol. 348(C).
    17. Russo, Marianna & Kraft, Emil & Bertsch, Valentin & Keles, Dogan, 2022. "Short-term risk management of electricity retailers under rising shares of decentralized solar generation," Energy Economics, Elsevier, vol. 109(C).
    18. Antonio Jiménez-Marín & Juan Pérez-Ruiz, 2021. "A Robust Optimization Model to the Day-Ahead Operation of an Electric Vehicle Aggregator Providing Reliable Reserve," Energies, MDPI, vol. 14(22), pages 1-18, November.
    19. Nitsch, Felix & Deissenroth-Uhrig, Marc & Schimeczek, Christoph & Bertsch, Valentin, 2021. "Economic evaluation of battery storage systems bidding on day-ahead and automatic frequency restoration reserves markets," Applied Energy, Elsevier, vol. 298(C).
    20. Moura, Ricardo & Brito, Miguel Centeno, 2019. "Prosumer aggregation policies, country experience and business models," Energy Policy, Elsevier, vol. 132(C), pages 820-830.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:renene:v:249:y:2025:i:c:s0960148125006597. See general information about how to correct material in RePEc.

    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 CitEc recognized a bibliographic reference but did not link an item in RePEc 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.journals.elsevier.com/renewable-energy .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.