Stackelberg Game-Theoretic Strategies for Virtual Power Plant and Associated Market Scheduling Under Smart Grid Communication Environment

Hua, Weiqi; Sun, Hongjian; Xiao, Hao; Pei, Wei

doi:10.1109/smartgridcomm.2018.8587583

Stackelberg Game-Theoretic Strategies for Virtual Power Plant and Associated Market Scheduling Under Smart Grid Communication Environment

Hua, Weiqi; Sun, Hongjian; Xiao, Hao; Pei, Wei

Authors

Weiqi Hua

Hongjian Sun

Hao Xiao

Wei Pei

Abstract

In order to schedule the virtual power plant and corresponding energy market operation, a two-scenario Stackelberg game-theoretic model is proposed to describe interactions between market operator and VPP operator. During market operation, the market operator is a leader of the game to decide market cleaning prices, considering the power loss minimization of VPP operator, whereas during VPP operation, the VPP operator becomes a leader to facilitate the demand side management (DSM) through proper monetary compensation, considering the market trading balance between power sellers and power buyers. An optimal scheduling strategy including power dispatch and market balance will be realised. Case studies prove the effectiveness of the proposed Stackelberg game-theoretic model through IEEE 30-bus test system. The market scheduling promotes the power exchange among VPPs. The VPP scheduling evaluates the optimal monetary compensation rate to motivate the DSM including load shifting and load curtailment.

Citation

Hua, W., Sun, H., Xiao, H., & Pei, W. (2018). Stackelberg Game-Theoretic Strategies for Virtual Power Plant and Associated Market Scheduling Under Smart Grid Communication Environment. In 2018 IEEE International Conference on Communications, Control, and Computing Technologies for Smart Grids (SmartGridComm) (1-6). https://doi.org/10.1109/smartgridcomm.2018.8587583

Conference Name	IEEE International Conference on Communications, Control, and Computing Technologies for Smart Grids.
Conference Location	Aalborg, Denmark
Start Date	Oct 29, 2018
End Date	Oct 31, 2018
Acceptance Date	Jul 25, 2018
Online Publication Date	Dec 27, 2018
Publication Date	Dec 27, 2018
Deposit Date	Aug 11, 2018
Publicly Available Date	Aug 13, 2018
Publisher	Institute of Electrical and Electronics Engineers
Pages	1-6
Book Title	2018 IEEE International Conference on Communications, Control, and Computing Technologies for Smart Grids (SmartGridComm).
DOI	https://doi.org/10.1109/smartgridcomm.2018.8587583

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