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- Publisher Website: 10.1109/TPWRS.2020.3035465
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Article: Market-Based Volt-Var Optimization and Its Applications on Bottom-Up Load Modeling Method
Title | Market-Based Volt-Var Optimization and Its Applications on Bottom-Up Load Modeling Method |
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Authors | |
Keywords | Volt-var optimization load model electricity market |
Issue Date | 2021 |
Publisher | Institute of Electrical and Electronics Engineers. The Journal's web site is located at http://ieeexplore.ieee.org/xpl/RecentIssue.jsp?punumber=59 |
Citation | IEEE Transactions on Power Systems, 2021, v. 36 n. 3, p. 2103-2113 How to Cite? |
Abstract | Due to the visibility and controllability features of the latest distribution networks, there are potentials to model customer loads through a component-based approach more accurately. The electricity markets started in recent years enable trading and exchanges of electricity among traditional power stations and prosumers. It provides a possibility to improve the optimality of classical volt-var optimization (VVO) schemes. In this paper, a tri-level bottom-up load model and a market-based volt-var optimization (mVVO) model are proposed. The energy-to-voltage (ETV) parameter is proposed in our load model as a substitute for the widely used load-to-voltage (LTV) parameter to reflect long-term load characteristics. The mVVO model using ETV parameters aims to combine the optimal voltage regulation strategies and electricity purchase strategies from wholesale and retail markets for maximum cost saving. The case studies based on real load data of Hong Kong show that by coordinating the voltage regulation methods with market behaviors, utilities can reach a higher level of cost saving, in addition to energy saving. |
Persistent Identifier | http://hdl.handle.net/10722/300300 |
ISSN | 2021 Impact Factor: 7.326 2020 SCImago Journal Rankings: 3.312 |
ISI Accession Number ID |
DC Field | Value | Language |
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dc.contributor.author | LI, A | - |
dc.contributor.author | Zhong, J | - |
dc.date.accessioned | 2021-06-04T08:41:00Z | - |
dc.date.available | 2021-06-04T08:41:00Z | - |
dc.date.issued | 2021 | - |
dc.identifier.citation | IEEE Transactions on Power Systems, 2021, v. 36 n. 3, p. 2103-2113 | - |
dc.identifier.issn | 0885-8950 | - |
dc.identifier.uri | http://hdl.handle.net/10722/300300 | - |
dc.description.abstract | Due to the visibility and controllability features of the latest distribution networks, there are potentials to model customer loads through a component-based approach more accurately. The electricity markets started in recent years enable trading and exchanges of electricity among traditional power stations and prosumers. It provides a possibility to improve the optimality of classical volt-var optimization (VVO) schemes. In this paper, a tri-level bottom-up load model and a market-based volt-var optimization (mVVO) model are proposed. The energy-to-voltage (ETV) parameter is proposed in our load model as a substitute for the widely used load-to-voltage (LTV) parameter to reflect long-term load characteristics. The mVVO model using ETV parameters aims to combine the optimal voltage regulation strategies and electricity purchase strategies from wholesale and retail markets for maximum cost saving. The case studies based on real load data of Hong Kong show that by coordinating the voltage regulation methods with market behaviors, utilities can reach a higher level of cost saving, in addition to energy saving. | - |
dc.language | eng | - |
dc.publisher | Institute of Electrical and Electronics Engineers. The Journal's web site is located at http://ieeexplore.ieee.org/xpl/RecentIssue.jsp?punumber=59 | - |
dc.relation.ispartof | IEEE Transactions on Power Systems | - |
dc.rights | IEEE Transactions on Power Systems. Copyright © Institute of Electrical and Electronics Engineers. | - |
dc.rights | ©20xx IEEE. Personal use of this material is permitted. Permission from IEEE must be obtained for all other uses, in any current or future media, including reprinting/republishing this material for advertising or promotional purposes, creating new collective works, for resale or redistribution to servers or lists, or reuse of any copyrighted component of this work in other works. | - |
dc.subject | Volt-var optimization | - |
dc.subject | load model | - |
dc.subject | electricity market | - |
dc.title | Market-Based Volt-Var Optimization and Its Applications on Bottom-Up Load Modeling Method | - |
dc.type | Article | - |
dc.identifier.email | Zhong, J: jinzhong@hkucc.hku.hk | - |
dc.identifier.authority | Zhong, J=rp00212 | - |
dc.description.nature | link_to_subscribed_fulltext | - |
dc.identifier.doi | 10.1109/TPWRS.2020.3035465 | - |
dc.identifier.scopus | eid_2-s2.0-85104635244 | - |
dc.identifier.hkuros | 322615 | - |
dc.identifier.volume | 36 | - |
dc.identifier.issue | 3 | - |
dc.identifier.spage | 2103 | - |
dc.identifier.epage | 2113 | - |
dc.identifier.isi | WOS:000641975800038 | - |
dc.publisher.place | United States | - |