1. A strategy for electricity trading among multiple microgrids considering bounded rationality
- Author
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ZHANG Minhui, LI Xiaolu, LIU Jinsong, and LIN Shunfu
- Subjects
multiple microgrids ,master-slave game ,bounded rationality ,uncertainty ,time preference theory ,prospect theory ,Electrical engineering. Electronics. Nuclear engineering ,TK1-9971 - Abstract
Electricity trading among multiple microgrids often involves bounded rationality, manifested by varying preferences for losses, uncertainties, and short to long-term returns. This paper proposes a strategy for electricity trading among multiple microgrids considering bounded rationality, drawing on time preference theory and prospect theory. To maximize the revenue for all microgrids, their operators, taking a leading role, determine transaction prices to incentivize cooperative trading among microgrids. Microgrids, acting as followers, formulate a trading strategy while ensuring the maximization of their prospect values of time preference. A case analysis demonstrates that this strategy allows for the swift determination of transaction prices among microgrids, effectively enhancing overall microgrid revenue and the utilization rate of DG (distributed generation).
- Published
- 2024
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