Profit Maximization of Microgrid Aggregator Under Power Market Environment

被引:19
作者
Ahmad, Furkan [1 ]
Alam, Mohammad Saad [1 ,2 ]
Shahidehpour, Mohammad [3 ,4 ]
机构
[1] Aligarh Muslim Univ, Zakir Husain Coll Engn & Technol, Elect Engn Dept, Aligarh 202002, Uttar Pradesh, India
[2] Aligarh Muslim Univ, Ctr Adv Res Electfied Transportat, Aligarh 202001, Uttar Pradesh, India
[3] IIT, Dept Elect & Comp Engn, Chicago, IL 60616 USA
[4] King Abdulaziz Univ, Renewable Energy Res Grp, Jeddah 21589, Saudi Arabia
来源
IEEE SYSTEMS JOURNAL | 2019年 / 13卷 / 03期
关键词
Bidding strategies; Indian power market; microgrid; power-trading optimization; OPTIMAL BIDDING STRATEGY; RENEWABLE-ENERGY; DEMAND RESPONSE; IMPLEMENTATION; OPTIMIZATION; INTEGRATION; MECHANISM; SYSTEM;
D O I
10.1109/JSYST.2018.2829343
中图分类号
TP [自动化技术、计算机技术];
学科分类号
0812 ;
摘要
The integration of smart microgrid on the large scale in the Indian power market has been highly captivating paradigm since the incorporation of the open access power market under the Indian Electricity Act (IEA) 2003. Efficiency and liquidity of the power market are also rising gradually after the inception of power exchanges (PXs) in 2008. This study presents a comprehensive framework to participate at PXs-based electricity trading platform and to determine the market-clearing price considering single and double side closed bidding mechanism for N bid area. Further, an "optimized algorithm" is proposed to integrate microgrids in the Indian power market by taking into account several characteristics of IEA 2003 and the 2010 power market regulation. Further, to validate the proposed work, the proposed optimization algorithm is applied to a case study considering a 2.5-MWp grid-connected solar PV-based microgrid with an average load of 2060.2 kW in the Indian power market for an hourly power trading in a financial year time horizon.
引用
收藏
页码:3388 / 3399
页数:12
相关论文
共 31 条
[21]   Adaptive Portfolio Optimization for Multiple Electricity Markets Participation [J].
Pinto, Tiago ;
Morais, Hugo ;
Sousa, Tiago M. ;
Sousa, Tiago ;
Vale, Zita ;
Praca, Isabel ;
Faia, Ricardo ;
Solteiro Pires, Eduardo Jose .
IEEE TRANSACTIONS ON NEURAL NETWORKS AND LEARNING SYSTEMS, 2016, 27 (08) :1720-1733
[22]   Integration of Price-Based Demand Response in DisCos' Short-Term Decision Model [J].
Safdarian, Amir ;
Fotuhi-Firuzabad, Mahmud ;
Lehtonen, Matti .
IEEE TRANSACTIONS ON SMART GRID, 2014, 5 (05) :2235-2245
[23]   Optimal Participation of an Electric Vehicle Aggregator in Day-Ahead Energy and Reserve Markets [J].
Sarker, Mushfiqur R. ;
Dvorkin, Yury ;
Ortega-Vazquez, Miguel A. .
IEEE TRANSACTIONS ON POWER SYSTEMS, 2016, 31 (05) :3506-3515
[24]   Demand Response Contracts as Real Options: A Probabilistic Evaluation Framework Under Short-Term and Long-Term Uncertainties [J].
Schachter, Jonathan A. ;
Mancarella, Pierluigi .
IEEE TRANSACTIONS ON SMART GRID, 2016, 7 (02) :868-878
[25]   A Verifiable Sealed-Bid Multi-Qualitative-Attribute Based Auction Scheme in the Semi-Honest Model [J].
Shi, Wenbo ;
Wei, Wei ;
Wang, Jiaqi ;
Zhao, Qingchun ;
Lin, Zhuo ;
Wang, Huihui .
IEEE ACCESS, 2017, 5 :12360-12368
[26]   Long-Term Market Equilibrium in Smart Grid Paradigm With Introducing Demand Response Provider in Competition [J].
Tafreshi, Seyed Masoud Moghaddas ;
Lahiji, Azim Saliminia .
IEEE TRANSACTIONS ON SMART GRID, 2015, 6 (06) :2794-2806
[27]   Market Mechanisms for Buying Random Wind [J].
Tang, Wenyuan ;
Jain, Rahul .
IEEE TRANSACTIONS ON SUSTAINABLE ENERGY, 2015, 6 (04) :1615-1623
[28]   Real-Time Markets for Flexiramp: A Stochastic Unit Commitment-Based Analysis [J].
Wang, Beibei ;
Hobbs, Benjamin F. .
IEEE TRANSACTIONS ON POWER SYSTEMS, 2016, 31 (02) :846-860
[29]   Look-Ahead Bidding Strategy for Energy Storage [J].
Wang, Yishen ;
Dvorkin, Yury ;
Fernandez-Blanco, Ricardo ;
Xu, Bolun ;
Qiu, Ting ;
Kirschen, Daniel S. .
IEEE TRANSACTIONS ON SUSTAINABLE ENERGY, 2017, 8 (03) :1106-1117
[30]   Risk-Averse Optimal Bidding Strategy for Demand-Side Resource Aggregators in Day-Ahead Electricity Markets Under Uncertainty [J].
Xu, Zhiwei ;
Hu, Zechun ;
Song, Yonghua ;
Wang, Jianhui .
IEEE TRANSACTIONS ON SMART GRID, 2017, 8 (01) :96-105