Journal of Modern Power Systems and Clean Energy

ISSN 2196-5625 CN 32-1884/TK

Allocating Ex-post Deviation Cost of Virtual Power Plants in Distribution Networks

1. School of Electrical Engineering and Automation, Hefei University of Technology, Hefei 230009, China 2.State Key Laboratory of Power Systems, Department of Electrical Engineering, Tsinghua University, Beijing 100084, China 3.State Grid Maanshan Power Supply Company, Maanshan 243000, China

Fund Project:

This work was supported in part by the National Science Foundation of China (No. 51725703).

  • Article
  • |
  • Figures
  • |
  • Metrics
  • |
  • Reference
  • |
  • Related
  • |
  • Cited by
  • |
  • Materials

    Virtual power plants (VPPs) including distributed generation, energy storage, and elastic load are emerging in distribution networks. Multiple VPPs can participate in electricity market as an aggregated entity and effective cost allocation mechanism among VPPs is a crucial issue. This paper focuses on allocating ex-post cost of VPPs incurred by deviation between actual power and ex-ante schedule in a two-settlement electricity market. We obtain approximate quadratic formulation of ex-post deviation cost considering network loss and develop an analytical cost allocation algorithm based on cooperative game theory. The allocated cost is consistent with cost causation principle and provides VPPs with incentive for aggregation. The proposed allocation method and relevant theoretical result are evaluated and verified by numerical tests.

    Cited by
Get Citation
Article Metrics
  • Abstract:
  • PDF:
  • HTML:
  • Cited by:
  • Received:June 20,2022
  • Revised:September 17,2022
  • Adopted:
  • Online: May 23,2023
  • Published: