An improved Shapley value-based profit allocation method for CHP-VPP

Fang Fang, Songyuan Yu and Mingxi Liu

Energy, 2020, vol. 213, issue C

Abstract: This paper develops a novel method of profit allocation for multiple distributed energy resources (DERs) that co-exist in a combined heat and power-virtual power plant (CHP-VPP). The innovative concept of CHP-VPP enables the coordinated dispatching of heat and power, leading to greater decision making flexibility and immense monetary benefits. CHP-VPP operation models with uncertainties are built based on the inherent behaviors of DERs operating in two coupled energy networks, i.e., the electricity and the heat networks. To balance the interests of multiple stakeholders in the coupled energy networks, a cooperative game scheduling model for CHP-VPP is established. An improved Shapley value method is developed and implemented to achieve the optimal profit allocation. Realistic simulations on a 4-node test system and a modified IEEE 30-node + Heat 14-node system verify the efficacy of the proposed approach.

Keywords: Combined heat and power-virtual power plant (CHP-VPP); Profit allocation; Cooperative game; Improved Shapley value method (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (14)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:213:y:2020:i:c:s0360544220319125

DOI: 10.1016/j.energy.2020.118805

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