A Stackelberg game‐inspired model of  real‐time  economic dispatch with demand response | Zendy

Shakrina Youssef | Zendy; Margossian Harag | Zendy

AI Assistant Blog Pricing

Home ZAIA Blog

Open Access

A Stackelberg game‐inspired model of real‐time economic dispatch with demand response

Author(s) -

Shakrina Youssef,

Margossian Harag

Publication year - 2021

Publication title -

international transactions on electrical energy systems

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 0.428

H-Index - 42

ISSN - 2050-7038

DOI - 10.1002/2050-7038.13076

Subject(s) - stackelberg competition , microgrid , demand response , computer science , bilevel optimization , scheduling (production processes) , mathematical optimization , operator (biology) , economic dispatch , game theory , representation (politics) , operations research , electric power system , power (physics) , optimization problem , electricity , engineering , economics , microeconomics , artificial intelligence , mathematics , algorithm , repressor , law , chemistry , biochemistry , control (management) , quantum mechanics , political science , transcription factor , physics , politics , electrical engineering , gene

Summary The wide variety of customers in power grids makes it challenging for the network's operator to anticipate the new load in demand response (DR) programs. For optimal scheduling of generation units, this article presents a novel method for the operator to predict market prices and electrical load under a real‐time pricing (RTP) demand response program in a microgrid. Inspired by the Stackelberg game, the proposed model establishes simulated trading between the network's operator (leader) optimizing the generation cost and offering market prices to the customers (followers) who optimize their behavior. The model is formulated as a one‐leader, N‐follower iterative game where the optimization problems are solved using deterministic and stochastic optimization techniques. The proposed model considers a detailed representation of the power system as well as the industrial and residential loads. Simulations are performed on three microgrid systems where results show the significance of the detailed representation.

The content you want is available to Zendy users.

Already have an account? Click here to sign in.

Having issues? You can contact us here

Accelerating Research