A multi-agent based design of bidding mechanism for transmission loss reduction

作者：Yu, Ying; Jin, Tongdan^*; Zhong, Chunjie; Wang, Chengwei

来源：International Journal of Electrical Power & Energy Systems, 2016, 78: 846-856.

DOI：10.1016/j.ijepes.2015.12.015

• Bayesian game theory
• Multi-agent system
• Power utilization ratio
• Support vector machine
• Virtual market clearing price

This paper investigates a new bidding mechanism to minimize the transmission losses in a day-ahead market based on generators' power utilization ratio. A reachable set based loss allocation method is developed to assign active losses to generating companies (GenCos). The line losses borne by GenCos are characterized and measured by a loss adjustment factor. Power is allocated to GenCos based on the virtual market clearing price calculated via an iterative power adjustment procedure, aiming at minimizing the overall transmission losses. Under the multi-agent game framework, we further analyze GenCos' responsive bidding strategy which has not been adequately addressed in literature. The performance of the proposed bidding mechanism is extensively tested on the IEEE 14-bus system. The results show that the proposed bidding mechanism is able to lower the overall transmission losses.

• 出版日期2016-6
• 单位上海大学