Strategic Battery Storage Management of Aggregators in Energy Demand Networks

Yusuke Okajima, Kenji Hirata, Vijay Gupta, Kenko Uchida

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

    Abstract

    This paper considers optimization problems of energy demand networks including aggregators and investigates strategic behavior of the aggregators. The participants of the network are a utility company, who plays a role of energy supply source, aggregators and a large number of consumers. We suppose that the network will be optimized by price response based or, in other words, market based optimization processes. We also suppose that the aggregator has a strategic parameter in its cost function and, by choosing the parameter strategically, the aggregator will try to pursue its own benefit. This general problem formulation will apply to a specific problem setting, where the aggregator possess battery storage with different specifications: The one is high-performance and expensive and the other is low-performance and cheap. The aggregator will choose total capacity of storage to be installed and a ratio of high-performance storage to low-performance storage as the strategic parameters and try to increase its own benefit. By using numerical examples, we show that the strategic decision making by the aggregator could provide useful insights in qualitative analysis of energy demand networks.

    Original languageEnglish
    Title of host publication2018 IEEE Conference on Control Technology and Applications, CCTA 2018
    PublisherInstitute of Electrical and Electronics Engineers Inc.
    Pages444-449
    Number of pages6
    ISBN (Electronic)9781538676981
    DOIs
    Publication statusPublished - 2018 Oct 26
    Event2nd IEEE Conference on Control Technology and Applications, CCTA 2018 - Copenhagen, Denmark
    Duration: 2018 Aug 212018 Aug 24

    Other

    Other2nd IEEE Conference on Control Technology and Applications, CCTA 2018
    CountryDenmark
    CityCopenhagen
    Period18/8/2118/8/24

    Fingerprint

    Storage management
    Battery
    Energy
    Cost functions
    High Performance
    Decision making
    Specifications
    Qualitative Analysis
    Process Optimization
    Cost Function
    Industry
    Choose
    Decision Making
    Specification
    Optimization Problem
    Numerical Examples
    Demand
    Formulation

    ASJC Scopus subject areas

    • Aerospace Engineering
    • Control and Optimization
    • Automotive Engineering
    • Safety, Risk, Reliability and Quality

    Cite this

    Okajima, Y., Hirata, K., Gupta, V., & Uchida, K. (2018). Strategic Battery Storage Management of Aggregators in Energy Demand Networks. In 2018 IEEE Conference on Control Technology and Applications, CCTA 2018 (pp. 444-449). [8511539] Institute of Electrical and Electronics Engineers Inc.. https://doi.org/10.1109/CCTA.2018.8511539

    Strategic Battery Storage Management of Aggregators in Energy Demand Networks. / Okajima, Yusuke; Hirata, Kenji; Gupta, Vijay; Uchida, Kenko.

    2018 IEEE Conference on Control Technology and Applications, CCTA 2018. Institute of Electrical and Electronics Engineers Inc., 2018. p. 444-449 8511539.

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

    Okajima, Y, Hirata, K, Gupta, V & Uchida, K 2018, Strategic Battery Storage Management of Aggregators in Energy Demand Networks. in 2018 IEEE Conference on Control Technology and Applications, CCTA 2018., 8511539, Institute of Electrical and Electronics Engineers Inc., pp. 444-449, 2nd IEEE Conference on Control Technology and Applications, CCTA 2018, Copenhagen, Denmark, 18/8/21. https://doi.org/10.1109/CCTA.2018.8511539
    Okajima Y, Hirata K, Gupta V, Uchida K. Strategic Battery Storage Management of Aggregators in Energy Demand Networks. In 2018 IEEE Conference on Control Technology and Applications, CCTA 2018. Institute of Electrical and Electronics Engineers Inc. 2018. p. 444-449. 8511539 https://doi.org/10.1109/CCTA.2018.8511539
    Okajima, Yusuke ; Hirata, Kenji ; Gupta, Vijay ; Uchida, Kenko. / Strategic Battery Storage Management of Aggregators in Energy Demand Networks. 2018 IEEE Conference on Control Technology and Applications, CCTA 2018. Institute of Electrical and Electronics Engineers Inc., 2018. pp. 444-449
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