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ORIGINAL RESEARCH article

Front. Energy Res.
Sec. Sustainable Energy Systems
Volume 12 - 2024 | doi: 10.3389/fenrg.2024.1420393
This article is part of the Research Topic Optimal Scheduling of Demand Response Resources In Energy Markets For High Trading Revenue and Low Carbon Emissions View all 11 articles

Asymmetric Nash Bargaining for Cooperative Operation of Shared Energy Storage with Multi-type Users Engagement

Provisionally accepted
Mengyao Xu Mengyao Xu 1Yongbiao Yang Yongbiao Yang 1Qingshan Xu Qingshan Xu 1*Lele Fang Lele Fang 1Rongchuan Tang Rongchuan Tang 2Hemu Ji Hemu Ji 1
  • 1 Southeast University, Nanjing, China
  • 2 Yangzhou Power Supply Company, Yangzhou, China

The final, formatted version of the article will be published soon.

    Shared energy storage offers substantial savings on construction costs and improves energy efficiency for users, yet its business model as an independent economic entity remains unclear. An optimal scheduling method for cooperative operation of shared energy storage among multiple user types is proposed in this paper, which relied on asymmetric Nash bargaining to define operational schedules and pricing strategies effectively. Initially, a cost-benefit model for shared energy storage operators, along with power generation users, demand-side consumers, and microgrid prosumers is developed. Then, a cooperative game framework is established using asymmetric Nash bargaining principles which decomposes the problem into two parts: minimizing social total cost through cooperative operation scheduling and determining service fee pricing for equitable benefit distribution. For benefit distribution, the bargaining power of users is adjusted based on their alliance contribution, ensuring revenue distribution is aligned with individual contributions and improving fairness in pricing. Subsequently, the adaptive penalty factor alternating direction multiplier method (ADMM) algorithm is employed for distributed equilibrium solving, enhancing the convergence speed and safeguarding user privacy. Finally, the economics and feasibility of the proposed cooperation framework for shared energy storage are validated through a numerical example.

    Keywords: shared energy storage1, multi-type users2, cooperative game3, asymmetric nash bargaining4, adaptive ADMM5

    Received: 20 Apr 2024; Accepted: 14 Jun 2024.

    Copyright: © 2024 Xu, Yang, Xu, Fang, Tang and Ji. This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY). The use, distribution or reproduction in other forums is permitted, provided the original author(s) or licensor are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms.

    * Correspondence: Qingshan Xu, Southeast University, Nanjing, China

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