Nonlinear and Randomized Pricing for Distributed Management of Flexible Loads
File(s)Papadaskalopoulos_Strbac_March_2016.pdf (770.52 KB)
Accepted version
Author(s)
Papadaskalopoulos, D
Strbac, G
Type
Journal Article
Abstract
Price-based management of distributed energy resources within microgrids is continuously gaining ground due to scalability and privacy limitations of centralized architectures. However, the concentration of flexible loads' response to the lowest-priced periods yields inefficient solutions. A previously proposed measure imposing a flexibility restriction on flexible loads might raise acceptability and feasibility concerns by the users. This paper develops a novel fully price-based approach where this hard restriction is replaced by a soft nonlinear price signal. This signal is customized to the operating properties of the different flexible load types by penalizing the square of the demand and the duration of cycle delay of loads with continuously adjustable power levels and deferrable cycles, respectively. This approach is shown to produce more efficient solutions than the flexibility restriction measure for both types of loads. For the latter type, randomization of the nonlinear prices brings additional benefits, especially in low operating diversity cases. These contributions are supported by case studies on a microgrid test system with electric vehicles and wet appliances used as representative examples of the above flexible load types.
Date Issued
2015-06-12
Date Acceptance
2015-05-18
Citation
IEEE Transactions on Smart Grid, 2015, 7 (2), pp.1137-1146
ISSN
1949-3061
Publisher
Institute of Electrical and Electronics Engineers (IEEE)
Start Page
1137
End Page
1146
Journal / Book Title
IEEE Transactions on Smart Grid
Volume
7
Issue
2
Copyright Statement
© 2015 IEEE. Personal use of this material is permitted. Permission from IEEE must be obtained for all other uses, in any current or future media, including reprinting/republishing this material for advertising or promotional purposes, creating new collective works, for resale or redistribution to servers or lists, or reuse of any copyrighted component of this work in other works.
Sponsor
Engineering & Physical Science Research Council (EPSRC)
Engineering & Physical Science Research Council (EPSRC)
Grant Number
EP/I013636/1
EP/I038837/1
Subjects
Science & Technology
Technology
Engineering, Electrical & Electronic
Engineering
Dual decomposition
flexible loads
microgrids
price-based management
randomization
MICROGRIDS
0906 Electrical And Electronic Engineering
0915 Interdisciplinary Engineering
Publication Status
Published