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Farsighted Stability of Distributed Energy Resource Sharing by Wenqing Ai; Tianhu Deng; Wei Qi is a Engineering article available to read on EtoBox.

What is Farsighted Stability of Distributed Energy Resource Sharing about?

In a storage sharing system consisting of prosumers, the advantages of peer-to-peer energy storage sharing rely on the stability of the system. However, previous studies only considered the impact of prosumers’ myopic behaviors but overlooked their farsighted behaviors on the stability. In a farsighted view, prosumers not only consider their operating cost generated by one-step (joint) defections but also concern with the subsequent reactions of others to their actions. Directly applying the core, a myopic stability criterion, would increase the risk of misjudgment on the stability. To fill this gap, this paper proposes a method based on the largest consistent set (LCS) to capture the impact of prosumers’ farsighted behaviors on the stability under the optimal operation policy. The optimal operation policy includes an optimal storage decision and a stable cost allocation rule. This paper first derives the analytical solutions of the optimal storage that minimizes the expected daily operating cost of the system for tackling the technical complexity of generalizing from the conventional time-of-use pricing to multi-tier time-of-use pricing. Then, to identify the farsighted stability

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Author

Wenqing Ai; Tianhu Deng; Wei Qi

Publisher

Elsevier BV

Published

2022

Language

EN

Field

Engineering (Physical Sciences)