What is it about?

A general framework of a retail energy market is proposed within home microgrids with large distributed energy resources (DERs) penetration and demand side management (DSM) of consumers.

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Why is it important?

Demand side management; game theory; energy management systems; bidding strategy

Perspectives

1. Presenting a survey relevant to retail competition model in electricity market; 2. Proposing a market model for trading distributed renewable energy by guaranteeing fairness among non-cooperative players; 3. Using a static non-cooperate game theory to model the interaction among different DERs, ESs, and loads; 4. Studding the competition of DER and RLD in a deregulated market; 5. Applying the NIRA methodology to find an electricity market equilibrium in order to clearing the retail electricity market price; 6. Analyzing the players$^\prime$s behavior by using the concept of Nash equilibrium as a solution in the multi-agent interaction problems; 7. Implementing a retail energy market with full prosumers$^\prime$ participation through probabilistic methodology; 8. Implementing demand-side energy management in order to use as a method for further balancing the supply and demand of power systems with high levels of renewable energy generation and controlling a residential energy storage system; 9. Trying to increase the contribution of green energy in electricity supply, by high-performance green buildings; 10. Promoting distributed energy resources such as energy efficiency, DER, energy storage devices, and renewable energy resources, increasing the number of DER installations through encouraging the costumers; 11. Encouraging demand side participation in the electricity market; 12. Decreasing problems caused by distributed generation and increase the value of intermittent energy in the market by combining distributed generation with energy storage and demand response; 13. Employing the supply function bidding mechanism to model electricity market; 14. Applying the developed RLD scheme as an energy resource of electricity retailers;

Dr Mousa Marzband
University of Manchester

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This page is a summary of: Non-cooperative game theory based energy management systems for energy district in the retail market considering DER uncertainties, IET Generation Transmission & Distribution, September 2016, the Institution of Engineering and Technology (the IET),
DOI: 10.1049/iet-gtd.2016.0024.
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