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Author:

An, Dou (An, Dou.) | Yang, Qingyu (Yang, Qingyu.) | Yu, Wei (Yu, Wei.) | Yang, Xinyu (Yang, Xinyu.) | Fu, Xinwen (Fu, Xinwen.) | Zhao, Wei (Zhao, Wei.)

Indexed by:

SSCI SCIE EI Scopus

Abstract:

Microgrids (MGs) have attracted growing attention due to self-sufficiency and self-healing properties. Nonetheless, the intermittent nature and uncertainty of distributed energy resources and load demands remain challenging issues in balancing demands and managing energy resources in MGs. Existing research efforts mainly focus on developing techniques to enable interactions between local MGs and the utility grid, which leads to high line power losses and operation costs. In this paper, we present the Sto2Auc framework to address the issue of stochastic optimal bidding problem for a system with MGs. First, the optimal bidding problem is formulated as a two-stage stochastic programming process, which aims to minimize the system operation cost and obtain optimal energy capacity of MGs by the MG center controller (MGCC). Uncertainties arise from both energy supply and demand, which are considered in the stochastic model, and random parameters representing those uncertainties are captured by using the Monte Carlo method. Second, to enable optimal electricity trading between the insufficient and surplus MGs, we propose a distributed double auction (DDA)-based scheme, which is proven to converge to the optimal social welfare of the system with MGs, and achieves the economical properties of being strategy-proof, individually rational, and (weak) budget balanced. Extensive experiments on an MG system composed of IEEE-33 buses demonstrate the effectiveness of proposed scheme. The experimental results show that Sto2Auc framework is capable of reducing the operational cost of MG systems, while the implemented DDA scheme achieves good performance with respect to social welfare, demand insufficiency, and MGCC profit.

Keyword:

Double auction Internet of Things (IoT) applications microgrids (MGs) optimal biding stochastic programming uncertainties

Author Community:

  • [ 1 ] [An, Dou; Yang, Xinyu] Xi An Jiao Tong Univ, Sch Elect & Informat Engn, Xian 710049, Shaanxi, Peoples R China
  • [ 2 ] [An, Dou] Xi An Jiao Tong Univ, MOE Key Lab Intelligent Networks & Network Secur, Xian 710049, Shaanxi, Peoples R China
  • [ 3 ] [Yang, Qingyu] Xi An Jiao Tong Univ, SKLMSE Lab, Sch Elect & Informat Engn, Xian 710049, Shaanxi, Peoples R China
  • [ 4 ] [Yu, Wei] Towson Univ, Dept Comp & Informat Sci, Towson, MD 21252 USA
  • [ 5 ] [Fu, Xinwen] Univ Cent Florida, Dept Comp Sci, Orlando, FL 32816 USA
  • [ 6 ] [Zhao, Wei] Univ Macau, Dept Comp & Informat Sci, Macau 999078, Peoples R China
  • [ 7 ] [An, Dou]Xi An Jiao Tong Univ, Sch Elect & Informat Engn, Xian 710049, Shaanxi, Peoples R China
  • [ 8 ] [Yang, Xinyu]Xi An Jiao Tong Univ, Sch Elect & Informat Engn, Xian 710049, Shaanxi, Peoples R China
  • [ 9 ] [An, Dou]Xi An Jiao Tong Univ, MOE Key Lab Intelligent Networks & Network Secur, Xian 710049, Shaanxi, Peoples R China
  • [ 10 ] [Yang, Qingyu]Xi An Jiao Tong Univ, SKLMSE Lab, Sch Elect & Informat Engn, Xian 710049, Shaanxi, Peoples R China
  • [ 11 ] [Yu, Wei]Towson Univ, Dept Comp & Informat Sci, Towson, MD 21252 USA
  • [ 12 ] [Fu, Xinwen]Univ Cent Florida, Dept Comp Sci, Orlando, FL 32816 USA
  • [ 13 ] [Zhao, Wei]Univ Macau, Dept Comp & Informat Sci, Macau 999078, Peoples R China

Reprint Author's Address:

  • Xi An Jiao Tong Univ, SKLMSE Lab, Sch Elect & Informat Engn, Xian 710049, Shaanxi, Peoples R China.; Yu, W (reprint author), Towson Univ, Dept Comp & Informat Sci, Towson, MD 21252 USA.

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Source :

IEEE INTERNET OF THINGS JOURNAL

ISSN: 2327-4662

Year: 2017

Issue: 6

Volume: 4

Page: 2260-2274

5 . 8 6 3

JCR@2017

9 . 4 7 1

JCR@2020

JCR Journal Grade:1

CAS Journal Grade:1

Cited Count:

WoS CC Cited Count: 25

SCOPUS Cited Count: 38

ESI Highly Cited Papers on the List: 0 Unfold All

WanFang Cited Count:

Chinese Cited Count:

30 Days PV: 5

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