A Real-Time Pricing Scheme for Energy Management in Integrated Energy Systems: A Stackelberg Game Approach
This paper proposes a real-time pricing scheme for the demand response management between one energy provider and multiple energy hub operators. A promising energy trading scenario has been designed for the near future integrated energy system. The Stackelberg game approach was employed to capture t...
| Main Authors: | , , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
MDPI AG
2018-10-01
|
| Series: | Energies |
| Subjects: | |
| Online Access: | http://www.mdpi.com/1996-1073/11/10/2858 |
| _version_ | 1811280007330267136 |
|---|---|
| author | Tengfei Ma Junyong Wu Liangliang Hao Huaguang Yan Dezhi Li |
| author_facet | Tengfei Ma Junyong Wu Liangliang Hao Huaguang Yan Dezhi Li |
| author_sort | Tengfei Ma |
| collection | DOAJ |
| description | This paper proposes a real-time pricing scheme for the demand response management between one energy provider and multiple energy hub operators. A promising energy trading scenario has been designed for the near future integrated energy system. The Stackelberg game approach was employed to capture the interactions between the energy provider (leader) and energy consumers (follower). A distributed algorithm was proposed to derive the Stackelberg equilibrium, then, the best strategies for the energy provider and each energy hub operator were explored in order to maximize their benefits. Simulation results showed that the proposed method can balance the energy supply and demand, improve the payoffs for all players, as well as smooth the aggregated load profiles of all energy consumers. |
| first_indexed | 2024-04-13T01:05:56Z |
| format | Article |
| id | doaj.art-caafc05e345a4cf8a2f61af2fce73aaa |
| institution | Directory Open Access Journal |
| issn | 1996-1073 |
| language | English |
| last_indexed | 2024-04-13T01:05:56Z |
| publishDate | 2018-10-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Energies |
| spelling | doaj.art-caafc05e345a4cf8a2f61af2fce73aaa2022-12-22T03:09:21ZengMDPI AGEnergies1996-10732018-10-011110285810.3390/en11102858en11102858A Real-Time Pricing Scheme for Energy Management in Integrated Energy Systems: A Stackelberg Game ApproachTengfei Ma0Junyong Wu1Liangliang Hao2Huaguang Yan3Dezhi Li4School of Electrical Engineering, Beijing Jiaotong University, Beijing 100044, ChinaSchool of Electrical Engineering, Beijing Jiaotong University, Beijing 100044, ChinaSchool of Electrical Engineering, Beijing Jiaotong University, Beijing 100044, ChinaElectric Power Research Institute of China, Haidian District, Beijing 100085, ChinaElectric Power Research Institute of China, Haidian District, Beijing 100085, ChinaThis paper proposes a real-time pricing scheme for the demand response management between one energy provider and multiple energy hub operators. A promising energy trading scenario has been designed for the near future integrated energy system. The Stackelberg game approach was employed to capture the interactions between the energy provider (leader) and energy consumers (follower). A distributed algorithm was proposed to derive the Stackelberg equilibrium, then, the best strategies for the energy provider and each energy hub operator were explored in order to maximize their benefits. Simulation results showed that the proposed method can balance the energy supply and demand, improve the payoffs for all players, as well as smooth the aggregated load profiles of all energy consumers.http://www.mdpi.com/1996-1073/11/10/2858real-time pricingdemand responseload balanceStackelberg gameintegrated energy system |
| spellingShingle | Tengfei Ma Junyong Wu Liangliang Hao Huaguang Yan Dezhi Li A Real-Time Pricing Scheme for Energy Management in Integrated Energy Systems: A Stackelberg Game Approach Energies real-time pricing demand response load balance Stackelberg game integrated energy system |
| title | A Real-Time Pricing Scheme for Energy Management in Integrated Energy Systems: A Stackelberg Game Approach |
| title_full | A Real-Time Pricing Scheme for Energy Management in Integrated Energy Systems: A Stackelberg Game Approach |
| title_fullStr | A Real-Time Pricing Scheme for Energy Management in Integrated Energy Systems: A Stackelberg Game Approach |
| title_full_unstemmed | A Real-Time Pricing Scheme for Energy Management in Integrated Energy Systems: A Stackelberg Game Approach |
| title_short | A Real-Time Pricing Scheme for Energy Management in Integrated Energy Systems: A Stackelberg Game Approach |
| title_sort | real time pricing scheme for energy management in integrated energy systems a stackelberg game approach |
| topic | real-time pricing demand response load balance Stackelberg game integrated energy system |
| url | http://www.mdpi.com/1996-1073/11/10/2858 |
| work_keys_str_mv | AT tengfeima arealtimepricingschemeforenergymanagementinintegratedenergysystemsastackelberggameapproach AT junyongwu arealtimepricingschemeforenergymanagementinintegratedenergysystemsastackelberggameapproach AT lianglianghao arealtimepricingschemeforenergymanagementinintegratedenergysystemsastackelberggameapproach AT huaguangyan arealtimepricingschemeforenergymanagementinintegratedenergysystemsastackelberggameapproach AT dezhili arealtimepricingschemeforenergymanagementinintegratedenergysystemsastackelberggameapproach AT tengfeima realtimepricingschemeforenergymanagementinintegratedenergysystemsastackelberggameapproach AT junyongwu realtimepricingschemeforenergymanagementinintegratedenergysystemsastackelberggameapproach AT lianglianghao realtimepricingschemeforenergymanagementinintegratedenergysystemsastackelberggameapproach AT huaguangyan realtimepricingschemeforenergymanagementinintegratedenergysystemsastackelberggameapproach AT dezhili realtimepricingschemeforenergymanagementinintegratedenergysystemsastackelberggameapproach |