Journal
EUROPEAN JOURNAL OF OPERATIONAL RESEARCH
Volume 281, Issue 2, Pages 299-315Publisher
ELSEVIER
DOI: 10.1016/j.ejor.2019.03.005
Keywords
OR in energy; Demand-side management; Bilevel programming; Trilevel programming
Funding
- FMJH Program Gaspard Monge in optimization and operation research
- EDF
Ask authors/readers for more resources
Demand-side management (DSM) is a powerful tool to efficiently manage the consumption of energy. DSM relies on various techniques and means. In this work, we propose a trilevel energy market model for load shifting induced by time-of-use pricing. Four kinds of actors are involved: electricity suppliers (sell energy), local agents (buy, sell and consume), aggregators (buy and sell) and end users (consume). The interactions among these actors lead to a trilevel multi-leader-multi-follower game. Solving such games is known to be hard, thus we assume that the decision variables of all electricity suppliers but one are known and optimize the decisions of the remaining supplier. This leads to a single-leader-multi-follower game, which aims to compute the leader's best response to the decisions of his competitors. The trilevel model is first formulated as a bilevel problem using an explicit formula for the lowest optimization level. Solution algorithms are developed in the optimistic case and in a variant named semi-optimistic approach leading to more robust solutions. Finally, numerical results highlight the efficiency of the methods and the sensitivity of the solutions with respect to the model parameters. (C) 2019 Elsevier B.V. All rights reserved.
Authors
I am an author on this paper
Click your name to claim this paper and add it to your profile.
Reviews
Recommended
No Data Available