Cooperative virtual power plant formation using scoring rules

Valentin Robu, Ramachandra Kota, Georgios Chalkiadakis, Alex Rogers, Nicholas R. Jennings

Research output: Chapter in Book/Conference proceedings/Edited volumeConference contributionScientificpeer-review

30 Citations (Scopus)

Abstract

Virtual Power Plants (VPPs) are fast emerging as a suitable means of integrating small and distributed energy resources (DERs), like wind and solar, into the electricity supply network (Grid). VPPs are formed via the aggregation of a large number of such DERs, so that they exhibit the characteristics of a traditional generator in terms of predictability and robustness. In this work, we promote the formation of such "cooperative" VPPs (CVPPs) using multi-agent technology. In particular, we design a payment mechanism that encourages DERs to join CVPPs with large overall production. Our method is based on strictly proper scoring rules and incentivises the provision of accurate predictions from the CVPPs - and in turn, the member DERs - which aids in the planning of the supply schedule at the Grid. We empirically evaluate our approach using the real-world setting of 16 commercial wind farms in the UK. We show that our mechanism incentivises real DERs to form CVPPs, and outperforms the current state of the art payment mechanism developed for this problem.

Original languageEnglish
Title of host publicationAAAI-12 / IAAI-12 - Proceedings of the 26th AAAI Conference on Artificial Intelligence and the 24th Innovative Applications of Artificial Intelligence Conference
Pages370-376
Number of pages7
Publication statusPublished - 7 Nov 2012
Externally publishedYes
Event26th AAAI Conference on Artificial Intelligence and the 24th Innovative Applications of Artificial Intelligence Conference, AAAI-12 / IAAI-12 - Toronto, ON, Canada
Duration: 22 Jul 201226 Jul 2012

Publication series

NameProceedings of the National Conference on Artificial Intelligence
Volume1

Conference

Conference26th AAAI Conference on Artificial Intelligence and the 24th Innovative Applications of Artificial Intelligence Conference, AAAI-12 / IAAI-12
CountryCanada
CityToronto, ON
Period22/07/1226/07/12

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