Prioritizing Consumers in Smart Grid: Energy Management Using Game Theory

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Tushar, Wayes; Zhang, Andrew; Smith, David; Thiebaux, Sylvie; Poor, H. Vincent


2013-06-14


Conference Material


IEEE International Conference on Communications (ICC)


Budapest, Hungary


1-5


This paper explains an idea of demand-supply balance for smart grids in which consumers are expected to play a significant role. The main objective is to motivate the consumers, by maximizing their benefit both as a seller and a buyer, to trade their surplus energy with the grid so as to balance the demand at the peak hour. To that end, a Stackelberg game is proposed to capture the interactions between the grid and consumers, and analytically it is shown that optimal energy trading parameters that maximize customers' utilities are obtained at the solution of the game. A novel distributed algorithm is proposed to reach the optimal solution of the game, and numerical examples are used to assess the properties and effectiveness of the proposed approach.


Smart grid; two-way communication; demand management; Stackelberg game; consumers' benefit; variational equilibrium.


http://www.ieee-icc.org/


nicta:6296


Tushar, Wayes; Zhang, Andrew; Smith, David; Thiebaux, Sylvie; Poor, H. Vincent. Prioritizing Consumers in Smart Grid: Energy Management Using Game Theory. In: IEEE International Conference on Communications (ICC); Budapest, Hungary. 2013-06-14. 1-5. http://hdl.handle.net/102.100.100/97413?index=1



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