Game theory based distributed energy trading for microgrids parks

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

7 Scopus citations

Abstract

To realize the energy sharing among multiple microgrids (MGs) within MG parks, a non-cooperative game based distributed trading is proposed. A linear supply and demand market clearing mechanism is proposed for energy prosumers. A day-ahead energy trading problem is proposed for each MG, correlated with other MGs' trading plans in the utility function. A non-cooperative game is formulated for the energy trading competition among MGs. The existence and uniqueness of Nash equilibrium (NE) corresponding to the proposed game is verified from the perspective of potential games. Based on best response functions, a globally converged distributed algorithm is adopted to compute the NE. The simulation is carried out on the MG park with three MGs. Results have verified the proposed method can obtain an efficient NE where MGs act as prosumers.

Original languageEnglish
Title of host publication2017 Asian Conference on Energy, Power and Transportation Electrification, ACEPT 2017
PublisherInstitute of Electrical and Electronics Engineers Inc.
Pages1-7
Number of pages7
ISBN (Electronic)9781538609712
DOIs
StatePublished - 5 Dec 2017
Externally publishedYes
Event2017 Asian Conference on Energy, Power and Transportation Electrification, ACEPT 2017 - Singapore, Singapore
Duration: 24 Oct 201726 Oct 2017

Publication series

Name2017 Asian Conference on Energy, Power and Transportation Electrification, ACEPT 2017
Volume2017-December

Conference

Conference2017 Asian Conference on Energy, Power and Transportation Electrification, ACEPT 2017
Country/TerritorySingapore
CitySingapore
Period24/10/1726/10/17

Keywords

  • energy trading
  • game theory
  • microgird park

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