Game theory based bidding strategy for prosumers in a distribution system with a retail electricity market

Game theory based bidding strategy for prosumers in a distribution system with a retail electricity market

Distributed energy resources (DERs) are deployed vastly to reduce carbon emission, improve power quality and maintain the reliability of distribution systems. With the introduction of new players, such as prosumers, which are constructed with DERs,...

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Bibliographic Details
Main Authors: Zheming Liang, Wencong Su
Format: Article
Language:English
Published: Wiley 2018-10-01
Series:IET Smart Grid
Subjects:
power markets
game theory
retailing
distributed power generation
distribution system operators
market clearing mechanism
changed retail electricity market
innovative game-theoretic market framework
prosumer-centric retail electricity market
market operator
well-defined strategic bidding mechanism
bilevel algorithm
supply function equilibrium model
relaxation algorithms
dumping-bid
abnormal-bid
sensitivity analysis
distributed energy resources
Online Access:https://digital-library.theiet.org/content/journals/10.1049/iet-stg.2018.0048

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https://digital-library.theiet.org/content/journals/10.1049/iet-stg.2018.0048

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