RPG Seminar – Large-Scale Aggregation of Prosumers toward Strategic Bidding in Joint Energy and Regulation Markets
Date:
27 Sep, 2021 (Mon)
Time:
2:00 pm
Location:
Room 603, Chow Yei Ching Building

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Speaker

Mr. Xiangsheng Xiao
Dept. of Electrical and Electronic Engineering
The University of Hong Kong

Abstract

Increased penetration of distributed energy resources is unleashing the flexibility of large-scale prosumers in deregulated markets. To explore prosumers’ potential market revenues, some existing studies have focused on the strategic bidding of prosumers aggregation. A majority of those studies assume the price-taker role of the aggregator while a few studies assume the price-maker role of the aggregator. However, it remains an open question as to how the increasing number of prosumers influences the profit of a strategic aggregator. A stochastic bi-level optimization model is proposed to depict the strategic behavior of prosumers aggregation bidding in joint energy and regulation markets. Then, by using the proposed bi-level model, we conduct a numerical analysis in this paper to quantify the profits of aggregating large-scale prosumers. Case studies based on 120,000 prosumers from Australia demonstrate that the strategic bidding behavior of an aggregator can lead to a 7.5% decrease in operation costs.

Biography of the speaker:
Xiangsheng Xiao received a B.S. degree in Electrical Engineering from Huazhong University of Science and Technology. He is currently pursuing a Ph.D. degree in the Department of Electrical and Electronic Engineering, University of Hong Kong. His research interests include electricity markets, renewable energy, and game theory.

 

All are welcome!


Organizer

Prof. T. Liu

Most seminars are open to the general public, free of charge, unless otherwise stated. Registration is not required. Arrangement for car parking facilities on campus please contact us for details.

For enquiries, please contact:
Department of Electrical and Electronic Engineering,
Room 601, Chow Yei Ching Building,
Pokfulam Road, Hong Kong
Tel: (852) 3917 7093
Email: seminar@eee.hku.hk