A game-theoretic approach for price-based coordination of flexible devices operating in integrated energy-reserve markets
نویسندگان
چکیده
منابع مشابه
Price-takers’ bidding strategies in joint energy and spinning reserve pay-as-bid markets
Strategic bidding in joint energy and spinning reserve markets is a challenging task from the viewpoint of generation companies (GenCos). In this paper, the interaction between energy and spinning reserve markets is modeled considering a joint probability density function for the prices of these markets. Considering pay-as-bid pricing mechanism, the bidding problem is formulated and solved as a...
متن کاملA Game Theoretic Approach for Greening, Pricing, And Advertising Policies in A Green Supply Chain
In this paper, greening, pricing, and advertising policies in a supply chain will be examined with government intervention. The supply chain has two members. First, a manufacturer seeking to determine the wholesale price and the greening level and second, a retailer that has to determine the advertising cost and the retail price. The government is trying to encourage the manufacturer to green t...
متن کاملTowards an Energy Internet: A Game-Theoretic Approach to Price-Directed Energy Utilization
The growing interest towards internet-inspired research for power transmission and distribution invariably encounters the barrier of energy storage. Limitations of energy storage can be offset, to a degree, by reliable forecasting of granular demand leading to judicious scheduling involved and incentivized by appropriate pricing signals. The anticipation of energy demand and future system state...
متن کاملA Game Theoretic Approach for Sustainable Power Systems Planning in Transition
Intensified industrialization in developing countries has recently resulted in huge electric power demand growth; however, electricity generation in these countries is still heavily reliant on inefficient and traditional non-renewable technologies. In this paper, we develop an integrated game-theoretic model for effective power systems planning thorough balancing between supply and demand for e...
متن کاملManaging Price Uncertainty in Prosumer-Centric Energy Trading: A Prospect-Theoretic Stackelberg Game Approach
In this paper, the problem of energy trading between smart grid prosumers, who can simultaneously consume and produce energy, and a grid power company is studied. The problem is formulated as a single-leader, multiple-follower Stackelberg game between the power company and multiple prosumers. In this game, the power company acts as a leader who determines the pricing strategy that maximizes its...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Energy
سال: 2019
ISSN: 0360-5442
DOI: 10.1016/j.energy.2019.116153