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Article: Sharing demand-side energy resources - A conceptual design

TitleSharing demand-side energy resources - A conceptual design
Authors
KeywordsDemand-side energy resources
Transactive power
Monopoly equilibrium
Incentive mechanism
Sharing economy
Issue Date2017
Citation
Energy, 2017, v. 135, p. 455-465 How to Cite?
Abstract© 2017 Elsevier Ltd Motivated by the recent boom of the sharing economy, this paper presents a scheme of sharing demand-side energy resources (DERs) among multiple prosumers. Successful sharing must achieve enhanced utilization efficiency of DERs and, in the mean time, ensure voluntary participation of prosumers and a sharing-enabling aggregator. It is also desirable to incentivize the adoption of DERs. To fulfill these goals, we formulate a mathematical program with equilibrium constraints (MPEC) for DER valuation within a sharing community. The aggregator coordinates DER operations in real-time; then it solve this MPEC problem after each billing period. In doing so, the aggregator evaluates two operating costs for each prosumer: the actual cost under coordination and the counter-factual cost if the prosumer independently traded power with the aggregator. We define the difference in these two costs as the coordination surplus, which the aggregator and the prosumer split. Simulation results demonstrate that this sharing procedure effectively achieves the aforementioned goals.
Persistent Identifierhttp://hdl.handle.net/10722/296151
ISSN
2023 Impact Factor: 9.0
2023 SCImago Journal Rankings: 2.110
ISI Accession Number ID

 

DC FieldValueLanguage
dc.contributor.authorQi, Wei-
dc.contributor.authorShen, Bo-
dc.contributor.authorZhang, Hongcai-
dc.contributor.authorShen, Zuo Jun Max-
dc.date.accessioned2021-02-11T04:52:57Z-
dc.date.available2021-02-11T04:52:57Z-
dc.date.issued2017-
dc.identifier.citationEnergy, 2017, v. 135, p. 455-465-
dc.identifier.issn0360-5442-
dc.identifier.urihttp://hdl.handle.net/10722/296151-
dc.description.abstract© 2017 Elsevier Ltd Motivated by the recent boom of the sharing economy, this paper presents a scheme of sharing demand-side energy resources (DERs) among multiple prosumers. Successful sharing must achieve enhanced utilization efficiency of DERs and, in the mean time, ensure voluntary participation of prosumers and a sharing-enabling aggregator. It is also desirable to incentivize the adoption of DERs. To fulfill these goals, we formulate a mathematical program with equilibrium constraints (MPEC) for DER valuation within a sharing community. The aggregator coordinates DER operations in real-time; then it solve this MPEC problem after each billing period. In doing so, the aggregator evaluates two operating costs for each prosumer: the actual cost under coordination and the counter-factual cost if the prosumer independently traded power with the aggregator. We define the difference in these two costs as the coordination surplus, which the aggregator and the prosumer split. Simulation results demonstrate that this sharing procedure effectively achieves the aforementioned goals.-
dc.languageeng-
dc.relation.ispartofEnergy-
dc.subjectDemand-side energy resources-
dc.subjectTransactive power-
dc.subjectMonopoly equilibrium-
dc.subjectIncentive mechanism-
dc.subjectSharing economy-
dc.titleSharing demand-side energy resources - A conceptual design-
dc.typeArticle-
dc.description.naturelink_to_subscribed_fulltext-
dc.identifier.doi10.1016/j.energy.2017.06.144-
dc.identifier.scopuseid_2-s2.0-85021411824-
dc.identifier.volume135-
dc.identifier.spage455-
dc.identifier.epage465-
dc.identifier.isiWOS:000412043300041-
dc.identifier.issnl0360-5442-

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