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Incremental Benefit Allocation for Joint Operation of Multi-Stakeholder Wind-PV-Hydro Complementary Generation System With Cascade Hydro-Power: An Aumann-Shapley Value Method

Jun Xie, Liqin Zhang, Xingying Chen, Yongsheng Zhan, Lv Zhou

2020IEEE Access21 citationsDOIOpen Access PDF

Abstract

In order to ensure joint operation of wind-PV-hydro complementary generation system with cascade hydro-power owned by multiple stakeholders, an equitable and efficient allocating mechanism for incremental benefit is of great importance. Firstly, the incremental benefit from joint operation is quantified for wind-PV-hydro complementary generation system with cascade hydro-power owned by multiple stakeholders in this paper. Then, different allocation methods such as proportional method, marginal benefits method, last addition method, Shapley value method, and Aumann-Shapley value method are applied to allocate the incremental benefit for each stakeholder. Next, a 4-stakeholder wind-PV-hydro complementary generation test system is employed to investigate the advantages and disadvantages of the presented different allocation methods and a 9-stakeholder wind-PV-hydro complementary generation test system is used to verify that Aumann-Shapley value method can reduce computational burden with regard to the participation of large number of stakeholders compared with traditional cooperative game-based method such as Shapley value method.

Topics & Concepts

Shapley valueCascadeComputer scienceElectricity generationWind powerValue (mathematics)Mathematical optimizationJoint (building)Power (physics)Operations researchEnvironmental economicsMathematicsElectrical engineeringMathematical economicsGame theoryEconomicsEngineeringCivil engineeringPhysicsQuantum mechanicsMachine learningChemical engineeringSmart Grid Energy ManagementElectric Power System OptimizationIntegrated Energy Systems Optimization
Incremental Benefit Allocation for Joint Operation of Multi-Stakeholder Wind-PV-Hydro Complementary Generation System With Cascade Hydro-Power: An Aumann-Shapley Value Method | Litcius