Cost allocation of DG embedded distribution system by game theoretic models

Rohit Bhakar, V. S. Sriram, Narayana Prasad Padhy, H. O. Gupta

Research output: Chapter in Book/Report/Conference proceedingConference contribution

5 Citations (Scopus)

Abstract

The thrust on renewable power generation is enthusing a large number of distributed generators to join the distribution system at varied locations. With multiple players in the emerging restructured market, regulators require a robust model for the complex problem of network cost allocation. In such an environment, Cooperative Game Theory provides a stable cost allocation model for network usage to handle the new market situations. The paper provides a game theoretic model that allocates the cost of DG embedded distribution network based on Nucleolus and Shapley Value approaches. Consistent results obtained for distribution networks qualify the application of game theoretic approaches. Comparisons with the results from MW-Mile model assert their relevance and easy implementation.

Original languageEnglish
Title of host publication2009 IEEE Power and Energy Society General Meeting, PES '09
DOIs
Publication statusPublished - 17 Dec 2009
Event2009 IEEE Power and Energy Society General Meeting, PES '09 - Calgary, AB, UK United Kingdom
Duration: 26 Jul 200930 Jul 2009

Conference

Conference2009 IEEE Power and Energy Society General Meeting, PES '09
CountryUK United Kingdom
CityCalgary, AB
Period26/07/0930/07/09

Keywords

  • Cooperative games
  • Distributed generators
  • Distribution systems
  • Embedded cost allocation
  • Nucleolus
  • Shapley value

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