Next Article in Journal
Representations of Political Power Structures by Strategically Stable Game Forms: A Survey
Previous Article in Journal
Moral Entitlements and Aspiration Formation in Asymmetric Bargaining: Experimental Evidence from Germany and China
Open AccessArticle

Shapley Value-Based Payment Calculation for Energy Exchange between Micro- and Utility Grids

1
Graduate Institute of Industrial Engineering, National Taiwan University, Taipei 10617, Taiwan
2
Department of Electrical Engineering, National Taiwan University, Taipei 10617, Taiwan
3
Department of Electrical and Computer Engineering, University of Connecticut, Storrs, CT 06269, USA
*
Author to whom correspondence should be addressed.
Games 2017, 8(4), 45; https://doi.org/10.3390/g8040045
Received: 31 July 2017 / Revised: 2 October 2017 / Accepted: 11 October 2017 / Published: 23 October 2017
In 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
Keywords: energy exchange; cooperative game theory; microgrid economics; Shapley value energy exchange; cooperative game theory; microgrid economics; Shapley value
Show Figures

Figure 1

MDPI and ACS Style

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.

Show more citation formats Show less citations formats
Note that from the first issue of 2016, MDPI journals use article numbers instead of page numbers. See further details here.

Article Access Map by Country/Region

1
Back to TopTop