Shapley Value-Based Payment Calculation for Energy Exchange between Micro- and Utility Grids
AbstractIn recent years, microgrids have developed as important parts of power systems and have provided affordable, reliable, and sustainable supplies of electricity. Each microgrid is managed as a single controllable entity with respect to the existing power system but demands for joint operation and sharing the benefits between a microgrid and its hosting utility. This paper is focused on the joint operation of a microgrid and its hosting utility, which cooperatively minimize daily generation costs through energy exchange, and presents a payment calculation scheme for power transactions based on a fair allocation of reduced generation costs. To fairly compensate for energy exchange between the micro- and utility grids, we adopt the cooperative game theoretic solution concept of Shapley value. We design a case study for a fictitious interconnection model between the Mueller microgrid in Austin, Texas and the utility grid in Taiwan. Our case study shows that when compared to standalone generations, both the micro- and utility grids are better off when they collaborate in power exchange regardless of their individual contributions to the power exchange coalition. View Full-Text
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Pilling, R.; Chang, S.C.; Luh, P.B. Shapley Value-Based Payment Calculation for Energy Exchange between Micro- and Utility Grids. Games 2017, 8, 45.
Pilling R, Chang SC, Luh PB. Shapley Value-Based Payment Calculation for Energy Exchange between Micro- and Utility Grids. Games. 2017; 8(4):45.Chicago/Turabian Style
Pilling, Robin; Chang, Shi C.; Luh, Peter B. 2017. "Shapley Value-Based Payment Calculation for Energy Exchange between Micro- and Utility Grids." Games 8, no. 4: 45.
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