Real-Time Procurement Strategies of a Proactive Distribution Company With Aggregator-Based Demand Response
Journal Article
·
· IEEE Transactions on Smart Grid
In this paper, we present a real-time trading framework for distribution networks where a rational aggregator is identified as a broker by contracting with individual demands and dealing with the distribution company. Demand response capability is characterized by the coexistence of elastic and inelastic demand components. A one-leader multi-follower bi-level model is proposed to derive the procurement strategies, i.e., the upperlevel problem intends to maximize the profit of the proactive distribution company, while the lower-level expresses the profit maximization per rational aggregator. The proposed model is then transformed into a solvable mathematical program with equilibrium constraints through a primal-dual approach. A modified 33-bus distribution network is utilized to demonstrate the effectiveness of the proposed model.
- Research Organization:
- Argonne National Laboratory (ANL)
- Sponsoring Organization:
- USDOE Office of Electricity Delivery and Energy Reliability (OE)
- DOE Contract Number:
- AC02-06CH11357
- OSTI ID:
- 1466341
- Journal Information:
- IEEE Transactions on Smart Grid, Journal Name: IEEE Transactions on Smart Grid Journal Issue: 2 Vol. 9; ISSN 1949-3053
- Publisher:
- IEEE
- Country of Publication:
- United States
- Language:
- English
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