IDEAS home Printed from https://ideas.repec.org/a/gam/jeners/v11y2018i11p3072-d181293.html
   My bibliography  Save this article

Double Layer Dynamic Game Bidding Mechanism Based on Multi-Agent Technology for Virtual Power Plant and Internal Distributed Energy Resource

Author

Listed:
  • Yajing Gao

    (China Electric Power Enterprise Association Power Construction Technology and Economic Consultation Center, Beijing 100000, China)

  • Xiaojie Zhou

    (State Key Laboratory of Alternate Electrical Power System with Renewable Energy Sources (North China Electric Power University), Baoding 071003, China)

  • Jiafeng Ren

    (State Key Laboratory of Alternate Electrical Power System with Renewable Energy Sources (North China Electric Power University), Baoding 071003, China)

  • Xiuna Wang

    (China Electric Power Enterprise Association Power Construction Technology and Economic Consultation Center, Beijing 100000, China)

  • Dongwei Li

    (China Electric Power Enterprise Association Power Construction Technology and Economic Consultation Center, Beijing 100000, China)

Abstract

As renewable energies become the main direction of global energy development in the future, Virtual Power Plant (VPP) becomes a regional multi-energy aggregation model for large-scale integration of distributed generation into the power grid. It also provides an important way for distributed energy resources (DER) to participate in electricity market transactions. Firstly, the basic concept of VPP is outlined, and various uncertainties within VPP are modeled. Secondly, using multi-agent technology and Stackelberg dynamic game theory, a double-layer nested dynamic game bidding model including VPP and its internal DERs is designed. The lower layer is a bidding game for VPP internal market including DER. VPP is the leader and each DER is a subagent that acts as a follower to maximize its profit. Each subagent uses the particle swarm algorithm (PSA) to determine the optimal offer coefficient, and VPP carries out internal market clearing with the minimum variance of unit profit according to the quoting results. Then, the subagents renew the game to update the bidding strategy based on the outcomes of the external and internal markets. The upper layer is the external market bidding game. The trading center (TC) is the leader and VPP is the agent and the follower. The game is played with the goal of maximum self-interest. The agent uses genetic algorithms to determine the optimal bid strategy, and the TC carries out market clearance with the goal of maximizing social benefits according to the quotation results. Each agent renews the game to update the bidding strategy based on the clearing result and the reporting of the subagents. The dynamic game is repeated until the optimal equilibrium solution is obtained. Finally, the effectiveness of the model is verified by taking the IEEE30-bus system as an example.

Suggested Citation

  • Yajing Gao & Xiaojie Zhou & Jiafeng Ren & Xiuna Wang & Dongwei Li, 2018. "Double Layer Dynamic Game Bidding Mechanism Based on Multi-Agent Technology for Virtual Power Plant and Internal Distributed Energy Resource," Energies, MDPI, vol. 11(11), pages 1-22, November.
    • Handle: RePEc:gam:jeners:v:11:y:2018:i:11:p:3072-:d:181293
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/1996-1073/11/11/3072/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/1996-1073/11/11/3072/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Zamani, Ali Ghahgharaee & Zakariazadeh, Alireza & Jadid, Shahram, 2016. "Day-ahead resource scheduling of a renewable energy based virtual power plant," Applied Energy, Elsevier, vol. 169(C), pages 324-340.
    2. Fang, Xinli & Yang, Qiang & Wang, Jianhui & Yan, Wenjun, 2016. "Coordinated dispatch in multiple cooperative autonomous islanded microgrids," Applied Energy, Elsevier, vol. 162(C), pages 40-48.
    3. Zhao, Haoran & Wu, Qiuwei & Hu, Shuju & Xu, Honghua & Rasmussen, Claus Nygaard, 2015. "Review of energy storage system for wind power integration support," Applied Energy, Elsevier, vol. 137(C), pages 545-553.
    4. Wang, Shouxiang & Zhang, Na & Wu, Lei & Wang, Yamin, 2016. "Wind speed forecasting based on the hybrid ensemble empirical mode decomposition and GA-BP neural network method," Renewable Energy, Elsevier, vol. 94(C), pages 629-636.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Yerasyl Amanbek & Aidana Kalakova & Svetlana Zhakiyeva & Korhan Kayisli & Nurkhat Zhakiyev & Daniel Friedrich, 2022. "Distribution Locational Marginal Price Based Transactive Energy Management in Distribution Systems with Smart Prosumers—A Multi-Agent Approach," Energies, MDPI, vol. 15(7), pages 1-18, March.
    2. Yuqing Wang & Min Zhang & Jindi Ao & Zhaozhen Wang & Houqi Dong & Ming Zeng, 2022. "Profit Allocation Strategy of Virtual Power Plant Based on Multi-Objective Optimization in Electricity Market," Sustainability, MDPI, vol. 14(10), pages 1-22, May.
    3. Liang Tian & Yunlei Xie & Bo Hu & Xinping Liu & Tuoyu Deng & Huanhuan Luo & Fengqiang Li, 2019. "A Deep Peak Regulation Auxiliary Service Bidding Strategy for CHP Units Based on a Risk-Averse Model and District Heating Network Energy Storage," Energies, MDPI, vol. 12(17), pages 1-27, August.
    4. Pedro Faria & Zita Vale, 2019. "Distributed Energy Resources Management 2018," Energies, MDPI, vol. 13(1), pages 1-4, December.
    5. Naval, Natalia & Yusta, Jose M., 2021. "Virtual power plant models and electricity markets - A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 149(C).

    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. Tohid Harighi & Ramazan Bayindir & Sanjeevikumar Padmanaban & Lucian Mihet-Popa & Eklas Hossain, 2018. "An Overview of Energy Scenarios, Storage Systems and the Infrastructure for Vehicle-to-Grid Technology," Energies, MDPI, vol. 11(8), pages 1-18, August.
    2. Liu, Ye & Wu, Xiaogang & Du, Jiuyu & Song, Ziyou & Wu, Guoliang, 2020. "Optimal sizing of a wind-energy storage system considering battery life," Renewable Energy, Elsevier, vol. 147(P1), pages 2470-2483.
    3. Cagnano, A. & Caldarulo Bugliari, A. & De Tuglie, E., 2018. "A cooperative control for the reserve management of isolated microgrids," Applied Energy, Elsevier, vol. 218(C), pages 256-265.
    4. Jingjing Luo & Yajing Gao & Wenhai Yang & Yongchun Yang & Zheng Zhao & Shiyu Tian, 2018. "Optimal Operation Modes of Virtual Power Plants Based on Typical Scenarios Considering Output Evaluation Criteria," Energies, MDPI, vol. 11(10), pages 1-22, October.
    5. Gui, Yonghao & Wei, Baoze & Li, Mingshen & Guerrero, Josep M. & Vasquez, Juan C., 2018. "Passivity-based coordinated control for islanded AC microgrid," Applied Energy, Elsevier, vol. 229(C), pages 551-561.
    6. Li, Min & Yang, Yi & He, Zhaoshuang & Guo, Xinbo & Zhang, Ruisheng & Huang, Bingqing, 2023. "A wind speed forecasting model based on multi-objective algorithm and interpretability learning," Energy, Elsevier, vol. 269(C).
    7. Cheng, Meng & Sami, Saif Sabah & Wu, Jianzhong, 2017. "Benefits of using virtual energy storage system for power system frequency response," Applied Energy, Elsevier, vol. 194(C), pages 376-385.
    8. Nyong-Bassey, Bassey Etim & Giaouris, Damian & Patsios, Charalampos & Papadopoulou, Simira & Papadopoulos, Athanasios I. & Walker, Sara & Voutetakis, Spyros & Seferlis, Panos & Gadoue, Shady, 2020. "Reinforcement learning based adaptive power pinch analysis for energy management of stand-alone hybrid energy storage systems considering uncertainty," Energy, Elsevier, vol. 193(C).
    9. Nallapaneni Manoj Kumar & Aneesh A. Chand & Maria Malvoni & Kushal A. Prasad & Kabir A. Mamun & F.R. Islam & Shauhrat S. Chopra, 2020. "Distributed Energy Resources and the Application of AI, IoT, and Blockchain in Smart Grids," Energies, MDPI, vol. 13(21), pages 1-42, November.
    10. Sampath Kumar Venkatachary & Jagdish Prasad & Ravi Samikannu & Annamalai Alagappan & Leo John Baptist & Raymon Antony Raj, 2020. "Macro Economics of Virtual Power Plant for Rural Areas of Botswana," International Journal of Energy Economics and Policy, Econjournals, vol. 10(5), pages 196-207.
    11. Ahmed, R. & Sreeram, V. & Mishra, Y. & Arif, M.D., 2020. "A review and evaluation of the state-of-the-art in PV solar power forecasting: Techniques and optimization," Renewable and Sustainable Energy Reviews, Elsevier, vol. 124(C).
    12. Fichter, Tobias & Soria, Rafael & Szklo, Alexandre & Schaeffer, Roberto & Lucena, Andre F.P., 2017. "Assessing the potential role of concentrated solar power (CSP) for the northeast power system of Brazil using a detailed power system model," Energy, Elsevier, vol. 121(C), pages 695-715.
    13. Mojtaba Qolipour & Ali Mostafaeipour & Mohammad Saidi-Mehrabad & Hamid R Arabnia, 2019. "Prediction of wind speed using a new Grey-extreme learning machine hybrid algorithm: A case study," Energy & Environment, , vol. 30(1), pages 44-62, February.
    14. Weijun Wang & Dan Zhao & Liguo Fan & Yulong Jia, 2019. "Study on Icing Prediction of Power Transmission Lines Based on Ensemble Empirical Mode Decomposition and Feature Selection Optimized Extreme Learning Machine," Energies, MDPI, vol. 12(11), pages 1-21, June.
    15. Zonggui Yao & Chen Wang, 2018. "A Hybrid Model Based on A Modified Optimization Algorithm and An Artificial Intelligence Algorithm for Short-Term Wind Speed Multi-Step Ahead Forecasting," Sustainability, MDPI, vol. 10(5), pages 1-33, May.
    16. Vorushylo, Inna & Keatley, Patrick & Shah, Nikhilkumar & Green, Richard & Hewitt, Neil, 2018. "How heat pumps and thermal energy storage can be used to manage wind power: A study of Ireland," Energy, Elsevier, vol. 157(C), pages 539-549.
    17. Li, Qiang & Gao, Mengkai & Lin, Houfei & Chen, Ziyu & Chen, Minyou, 2019. "MAS-based distributed control method for multi-microgrids with high-penetration renewable energy," Energy, Elsevier, vol. 171(C), pages 284-295.
    18. Shi, Jie & Wang, Luhao & Lee, Wei-Jen & Cheng, Xingong & Zong, Xiju, 2019. "Hybrid Energy Storage System (HESS) optimization enabling very short-term wind power generation scheduling based on output feature extraction," Applied Energy, Elsevier, vol. 256(C).
    19. Wang, Yun & Zou, Runmin & Liu, Fang & Zhang, Lingjun & Liu, Qianyi, 2021. "A review of wind speed and wind power forecasting with deep neural networks," Applied Energy, Elsevier, vol. 304(C).
    20. Segurado, R. & Madeira, J.F.A. & Costa, M. & Duić, N. & Carvalho, M.G., 2016. "Optimization of a wind powered desalination and pumped hydro storage system," Applied Energy, Elsevier, vol. 177(C), pages 487-499.

    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:gam:jeners:v:11:y:2018:i:11:p:3072-:d:181293. 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: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    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.