Pareto-Optimal Allocation of Transactive Energy at Market Equilibrium in Distribution Systems: A Constrained Vector Optimization Approach

05/15/2019
by   Ahmad Khaled Zarabie, et al.
0

In a grid constrained transactive distribution system market, distribution locational marginal pricing DLMP is influenced by the distance from the substation to an energy user, thereby causing households that are further away from the substation to be charged more. The Jain index of fairness has been recently applied to alleviate this undesirable effect in efficient energy allocations. In this research a bilevel distributed mechanism is described, where at the lower level, auction mechanisms are invoked simultaneously at each aggregator to obtain energy costs under market equilibrium conditions. A constrained multi-gradient ascent approach, ALMA, Augmented Lagrangian Multigradient Approach is proposed to for implementation at the upper level to attain Pareto optimal energy allocations that represent tradeoffs between efficiency and fairness. Theoretical issues pertaining to Pareto optimality of the solutions are addressed. The overall effectiveness of the proposed approach is confirmed through a set of MATLAB simulations implemented on a modified IEEE 37-bus system testbed.

READ FULL TEXT

Authors

page 1

page 2

page 3

page 4

07/18/2017

Distributed Bi-level Energy Allocation Mechanism with Grid Constraints and Hidden User Information

A novel distributed energy allocation mechanism for Distribution System ...
11/14/2017

A bilevel approach for optimal contract pricing of independent dispatchable DG units in distribution networks

Distributed Generation (DG) units are increasingly installed in the powe...
07/28/2021

Operationally-Safe Peer-to-Peer Energy Trading in Distribution Grids: A Game-Theoretic Market-Clearing Mechanism

In future distribution grids, prosumers (i.e., energy consumers with sto...
11/30/2017

A Short-term Intervention for Long-term Fairness in the Labor Market

The persistence of racial inequality in the U.S. labor market against a ...
05/08/2019

Parallel and Distributed Algorithms for the housing allocation Problem

We give parallel and distributed algorithms for the housing allocation p...
11/11/2020

Joint Management of Compute and Radio Resources in Mobile Edge Computing: a Market Equilibrium Approach

Edge computing has been recently introduced as a way to bring computatio...
This week in AI

Get the week's most popular data science and artificial intelligence research sent straight to your inbox every Saturday.