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• W2409265110 abstract "This paper proposes a methodology to address the trading strategies of a proactive distribution company (PDISCO) engaged in the transmission-level (TL) markets. A one-leader multi-follower bilevel model is presented to formulate the gaming framework between the PDISCO and markets. The lower-level (LL) problems include the TL day-ahead market and scenario-based real-time markets, respectively with the objectives of maximizing social welfare and minimizing operation cost. The upper-level (UL) problem is to maximize the PDISCO’s profit across these markets. The PDISCO’s strategic offers/bids interactively influence the outcomes of each market. Since the LL problems are linear and convex, while the UL problem is non-linear and non-convex, an equivalent primal–dual approach is used to reformulate this bilevel model to a solvable mathematical program with equilibrium constraints (MPEC). The effectiveness of the proposed model is verified by case studies." @default.
• W2409265110 created "2016-06-24" @default.
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• W2409265110 date "2016-09-01" @default.
• W2409265110 modified "2023-10-02" @default.
• W2409265110 title "Trading strategies for distribution company with stochastic distributed energy resources" @default.
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• W2409265110 doi "https://doi.org/10.1016/j.apenergy.2016.05.143" @default.
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