IDEAS home Printed from https://ideas.repec.org/a/eee/renene/v222y2024ics0960148123018323.html
   My bibliography  Save this article

An analytical target cascading method-based two-step distributed optimization strategy for energy sharing in a virtual power plant

Author

Listed:
  • Yan, Xingyu
  • Gao, Ciwei
  • Meng, Jing
  • Abbes, Dhaker

Abstract

Large-scale distributed renewable energy sources as well as emerging controllable loads such as electric vehicles connected to the distribution grids have posed challenges to the efficient management of these distributed energy resources. Promoting energy-sharing of distributed energy resources through economic incentives is a cost-effective and equitable solution to the challenge. This paper proposes a two-stage transactive energy control mechanism by the virtual power plant (VPP) for energy-sharing of multiple prosumers. Firstly, a VPP internal price mechanism based on the supply-demand ratio of prosumers in the energy-sharing alliance is proposed. Then, a two-stage economic optimization model is developed. Trading prices between VPP and prosumers are established in the first stage, and prosumers make operating plans based on those prices in the second stage. Then, considering that prosumers and VPP are independent stakeholders, a decentralized optimization algorithm based on the analytical target cascading method is developed. The upper-level VPP coordinates the energy-sharing alliance and sets the transaction price following the overall supply and demand ratio. Lower-level prosumers independently make decisions and feedback on the trading power of the VPP. Then, iterative calculations provide a distributed and independent solution. Finally, the case study verifies that the proposed energy-sharing model can reduce the operating cost of prosumers by 14.29 %. Moreover, prosumer privacy protection is achieved by the analytical target cascading-based distributed model at a cost of less than 1.5 % accuracy.

Suggested Citation

  • Yan, Xingyu & Gao, Ciwei & Meng, Jing & Abbes, Dhaker, 2024. "An analytical target cascading method-based two-step distributed optimization strategy for energy sharing in a virtual power plant," Renewable Energy, Elsevier, vol. 222(C).
    • Handle: RePEc:eee:renene:v:222:y:2024:i:c:s0960148123018323
    DOI: 10.1016/j.renene.2023.119917
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0960148123018323
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.renene.2023.119917?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Papaefthymiou, Georgios & Haesen, Edwin & Sach, Thobias, 2018. "Power System Flexibility Tracker: Indicators to track flexibility progress towards high-RES systems," Renewable Energy, Elsevier, vol. 127(C), pages 1026-1035.
    2. Yan, Xingyu & Abbes, Dhaker & Francois, Bruno, 2017. "Uncertainty analysis for day ahead power reserve quantification in an urban microgrid including PV generators," Renewable Energy, Elsevier, vol. 106(C), pages 288-297.
    3. Domínguez, R. & Carrión, M. & Oggioni, G., 2020. "Planning and operating a renewable-dominated European power system under uncertainty," Applied Energy, Elsevier, vol. 258(C).
    4. Lin, Wei & Jin, Xiaolong & Jia, Hongjie & Mu, Yunfei & Xu, Tao & Xu, Xiandong & Yu, Xiaodan, 2021. "Decentralized optimal scheduling for integrated community energy system via consensus-based alternating direction method of multipliers," Applied Energy, Elsevier, vol. 302(C).
    5. Juho Hamari & Mimmi Sjöklint & Antti Ukkonen, 2016. "The sharing economy: Why people participate in collaborative consumption," Journal of the Association for Information Science & Technology, Association for Information Science & Technology, vol. 67(9), pages 2047-2059, September.
    6. Naval, Natalia & Sánchez, Raul & Yusta, Jose M., 2020. "A virtual power plant optimal dispatch model with large and small-scale distributed renewable generation," Renewable Energy, Elsevier, vol. 151(C), pages 57-69.
    7. Mehigan, L. & Deane, J.P. & Gallachóir, B.P.Ó. & Bertsch, V., 2018. "A review of the role of distributed generation (DG) in future electricity systems," Energy, Elsevier, vol. 163(C), pages 822-836.
    8. Chang, Weiguang & Dong, Wei & Wang, Yubin & Yang, Qiang, 2022. "Two-stage coordinated operation framework for virtual power plant with aggregated multi-stakeholder microgrids in a deregulated electricity market," Renewable Energy, Elsevier, vol. 199(C), pages 943-956.
    9. Abdmouleh, Zeineb & Gastli, Adel & Ben-Brahim, Lazhar & Haouari, Mohamed & Al-Emadi, Nasser Ahmed, 2017. "Review of optimization techniques applied for the integration of distributed generation from renewable energy sources," Renewable Energy, Elsevier, vol. 113(C), pages 266-280.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ibrahim Alotaibi & Mohammed A. Abido & Muhammad Khalid & Andrey V. Savkin, 2020. "A Comprehensive Review of Recent Advances in Smart Grids: A Sustainable Future with Renewable Energy Resources," Energies, MDPI, vol. 13(23), pages 1-41, November.
    2. David Calvachi & Luis Tipán & Manuel Jaramillo, 2023. "Localization and Sizing of Distributed Generation through a Genetic Algorithm to Improve Voltage Profile Using Ecuadorian Standards," Energies, MDPI, vol. 16(10), pages 1-19, May.
    3. Yongming Zhang & Zhe Yan & Li Li & Jiawei Yao, 2018. "A Hybrid Building Power Distribution System in Consideration of Supply and Demand-Side: A Short Overview and a Case Study," Energies, MDPI, vol. 11(11), pages 1-19, November.
    4. Guido C. Guerrero-Liquet & Santiago Oviedo-Casado & J. M. Sánchez-Lozano & M. Socorro García-Cascales & Javier Prior & Antonio Urbina, 2018. "Determination of the Optimal Size of Photovoltaic Systems by Using Multi-Criteria Decision-Making Methods," Sustainability, MDPI, vol. 10(12), pages 1-18, December.
    5. Østergaard, P.A. & Lund, H. & Thellufsen, J.Z. & Sorknæs, P. & Mathiesen, B.V., 2022. "Review and validation of EnergyPLAN," Renewable and Sustainable Energy Reviews, Elsevier, vol. 168(C).
    6. Pieper, Nadine & Woisetschläger, David M., 2024. "Customer misbehavior in access-based mobility services: An examination of prevention strategies," Journal of Business Research, Elsevier, vol. 171(C).
    7. Yu Wang & Shanyong Wang & Jing Wang & Jiuchang Wei & Chenglin Wang, 2020. "An empirical study of consumers’ intention to use ride-sharing services: using an extended technology acceptance model," Transportation, Springer, vol. 47(1), pages 397-415, February.
    8. Guerra, K. & Haro, P. & Gutiérrez, R.E. & Gómez-Barea, A., 2022. "Facing the high share of variable renewable energy in the power system: Flexibility and stability requirements," Applied Energy, Elsevier, vol. 310(C).
    9. Serhat Burmaoglu & Ozcan Saritas, 2019. "An evolutionary analysis of the innovation policy domain: Is there a paradigm shift?," Scientometrics, Springer;Akadémiai Kiadó, vol. 118(3), pages 823-847, March.
    10. Marina D. SIMONOVA & Irina P. MAMIY, 2019. "Online transport services market in Russia amid economy digitalization," Upravlenets, Ural State University of Economics, vol. 10(3), pages 94-103, July.
    11. Lutz, Christoph & Newlands, Gemma, 2018. "Consumer segmentation within the sharing economy: The case of Airbnb," Journal of Business Research, Elsevier, vol. 88(C), pages 187-196.
    12. Rodriguez, Mauricio & Arcos-Aviles, Diego & Guinjoan, Francesc, 2024. "Simple fuzzy logic-based energy management for power exchange in isolated multi-microgrid systems: A case study in a remote community in the Amazon region of Ecuador," Applied Energy, Elsevier, vol. 357(C).
    13. Joan Torrent-Sellens & Cristian Salazar-Concha & Pilar Ficapal-Cusí & Francesc Saigí-Rubió, 2021. "Using Digital Platforms to Promote Blood Donation: Motivational and Preliminary Evidence from Latin America and Spain," IJERPH, MDPI, vol. 18(8), pages 1-17, April.
    14. Bruno Bruna & Faggini Marisa, 2020. "Sharing Competition: An Agent-Based Model for the Short-Term Accommodations Market," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 20(2), pages 1-13, April.
    15. Grzegorz Tchorek & Michał Brzozowski & Katarzyna Dziewanowska & Agnieszka Allen & Waldemar Kozioł & Michał Kurtyka & Filip Targowski, 2020. "Social Capital and Value Co-Creation: The Case of a Polish Car Sharing Company," Sustainability, MDPI, vol. 12(11), pages 1-20, June.
    16. Lucia Rotaris, 2021. "Carsharing Services in Italy: Trends and Innovations," Sustainability, MDPI, vol. 13(2), pages 1-18, January.
    17. Daisy Bertrand & Pierre-Yves Léo & Jean Philippe, 2019. "The New Go-Between Services: Peer-To-Peer Sharing Platforms In Hospitality Services," Post-Print hal-02299130, HAL.
    18. Zuo, Wenming & Bai, Weijing & Zhu, Wenfeng & He, Xinming & Qiu, Xinxin, 2022. "Changes in service quality of sharing accommodation: Evidence from airbnb," Technology in Society, Elsevier, vol. 71(C).
    19. Vincenzo Vignieri, 2021. "Crowdsourcing as a mode of open innovation: Exploring drivers of success of a multisided platform through system dynamics modelling," Systems Research and Behavioral Science, Wiley Blackwell, vol. 38(1), pages 108-124, January.
    20. Mengelkamp, Esther & Schönland, Thomas & Huber, Julian & Weinhardt, Christof, 2019. "The value of local electricity - A choice experiment among German residential customers," Energy Policy, Elsevier, vol. 130(C), pages 294-303.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:renene:v:222:y:2024:i:c:s0960148123018323. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.journals.elsevier.com/renewable-energy .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.