{"title":"Analytically Quantifying the Efficiency Loss in Competitive Aggregation of Demand-Side Resources","authors":"Xiaotian Sun;Haipeng Xie;Dawei Qiu;Yunpeng Xiao;Goran Strbac;Zhaohong Bie","doi":"10.1109/TSG.2024.3437654","DOIUrl":null,"url":null,"abstract":"Aggregation of demand-side resources (DSRs) to load aggregators (LAs) is a prevailing way to participate in the electricity market. This letter proposes an analytical approach to quantify the efficiency loss inherent in the competitive aggregation of DSRs by calculating the price of anarchy (PoA) via linear programming (LP). First, the equivalent Nash equilibrium condition for competitive aggregation is derived. Then, the LP problem for PoA calculation is formulated by leveraging parameterization and dual reformulation. Finally, applications on a demonstrative case and a series of large-scale cases are conducted to validate the effectiveness and scalability of the proposed method.","PeriodicalId":13331,"journal":{"name":"IEEE Transactions on Smart Grid","volume":null,"pages":null},"PeriodicalIF":8.6000,"publicationDate":"2024-08-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"IEEE Transactions on Smart Grid","FirstCategoryId":"5","ListUrlMain":"https://ieeexplore.ieee.org/document/10621672/","RegionNum":1,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"ENGINEERING, ELECTRICAL & ELECTRONIC","Score":null,"Total":0}
引用次数: 0
Abstract
Aggregation of demand-side resources (DSRs) to load aggregators (LAs) is a prevailing way to participate in the electricity market. This letter proposes an analytical approach to quantify the efficiency loss inherent in the competitive aggregation of DSRs by calculating the price of anarchy (PoA) via linear programming (LP). First, the equivalent Nash equilibrium condition for competitive aggregation is derived. Then, the LP problem for PoA calculation is formulated by leveraging parameterization and dual reformulation. Finally, applications on a demonstrative case and a series of large-scale cases are conducted to validate the effectiveness and scalability of the proposed method.
期刊介绍：
The IEEE Transactions on Smart Grid is a multidisciplinary journal that focuses on research and development in the field of smart grid technology. It covers various aspects of the smart grid, including energy networks, prosumers (consumers who also produce energy), electric transportation, distributed energy resources, and communications. The journal also addresses the integration of microgrids and active distribution networks with transmission systems. It publishes original research on smart grid theories and principles, including technologies and systems for demand response, Advance Metering Infrastructure, cyber-physical systems, multi-energy systems, transactive energy, data analytics, and electric vehicle integration. Additionally, the journal considers surveys of existing work on the smart grid that propose new perspectives on the history and future of intelligent and active grids.
京公网安备 11010802042870号
京ICP备2023020795号-1
分享
求助内容：
应助结果提醒方式：
扫码关注我们
