Non-cooperative game theory based energy management systems for energy district in the retail market considering DER uncertainties

Marzband, Mousa, Javadi, Masoumeh, Domínguez-García, José and Mirhosseini Moghaddam, Maziar (2016) Non-cooperative game theory based energy management systems for energy district in the retail market considering DER uncertainties. IET Generation, Transmission & Distribution, 10 (12). pp. 2999-3009. ISSN 1751-8687

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Abstract

In this study, a general framework for implementing a retail energy market based on the Nikaido-Isoda/relaxation algorithm is proposed as an electricity market structure with large distributed energy resources (DERs) penetration and demand side management of consumers. Moreover, the consumers are able to participate in the market as prosumers (i.e. producer and consumer at the same time). By considering the related uncertainties, the DERs can maximise their expected payoff or profit by undertaking strategies through the price bidding strategy, based on the proposed structure, considering Nash equilibrium. The results show the effectiveness and accuracy of the proposed framework in determining the optimal power set-points of players participating in the market to achieve the objectives.

Item Type:	Article
Subjects:	L100 Economics
Department:	Faculties > Engineering and Environment > Mathematics, Physics and Electrical Engineering
Depositing User:	Becky Skoyles
Date Deposited:	01 Mar 2018 13:19
Last Modified:	11 Oct 2019 20:52
URI:	http://nrl.northumbria.ac.uk/id/eprint/33540

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