Game theoretical-based demand response modeling considering industrial customers
- Title
- Game theoretical-based demand response modeling considering industrial customers
- Author
- 홍승호
- Keywords
- Incentive-based demand response; industrial customer; load reduction; Stackelberg game
- Issue Date
- 2018-04
- Publisher
- IEEE
- Citation
- 2018 Workshop on Modeling and Simulation of Cyber-Physical Energy Systems (MSCPES), Article no. 8405393
- Abstract
- In this paper, a novel incentive-based demand response (DR) model is established from the perspective of a grid operator (GO), over which industrial customers are regarded as active players in the intra-day market to help lower the cost for compensating system resource deficiency in the form of load reductions. By leveraging a GO incentive, the interactions between the GO and industrial consumers are studied using Stackelberg game theory, and a unique Stackelberg equilibrium (SE) is proven to exist in the game, which yields the optimal resource trading outcome, composed of the optimal GO incentive value and load reduction quantities procured from each industrial customer. Numerical analyses showed that the proposed approach is effective in minimizing the total cost for compensating system resource deficiency.
- URI
- https://ieeexplore.ieee.org/abstract/document/8405393https://repository.hanyang.ac.kr/handle/20.500.11754/105828
- ISBN
- 978-1-5386-4105-7
- DOI
- 10.1109/MSCPES.2018.8405393
- Appears in Collections:
- COLLEGE OF ENGINEERING SCIENCES[E](공학대학) > ELECTRICAL ENGINEERING(전자공학부) > Articles
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