A Real-Time Demand-Response Algorithm for Smart Grids: A Stackelberg Game Approach
- Title
- A Real-Time Demand-Response Algorithm for Smart Grids: A Stackelberg Game Approach
- Author
- 홍승호
- Keywords
- Demand-response (DR); optimization; real-time prices (RTPs); smart grid; Stackelberg game
- Issue Date
- 2016-03
- Publisher
- IEEE-INST ELECTRICAL ELECTRONICS ENGINEERS INC
- Citation
- IEEE TRANSACTIONS ON SMART GRID, v. 7, No. 2, Page. 879-888
- Abstract
- This paper proposes a real-time price (RTP)-based demand-response (DR) algorithm for achieving optimal load control of devices in a facility by forming a virtual electricity-trading process, where the energy management center of the facility is the virtual retailer (leader) offering virtual retail prices, from which devices (followers) are supposed to purchase energy. A one-leader, N-follower Stackelberg game is formulated to capture the interactions between them, and optimization problems are formed for each player to help in selecting the optimal strategy. The existence of a unique Stackelberg equilibrium that provides optimal energy demands for each device was demonstrated. The simulation analysis showed that the Stackelberg game-based DR algorithm is effective for achieving the optimal load control of devices in response to RTP changes with a trivial computation burden.
- URI
- https://ieeexplore.ieee.org/abstract/document/7073650https://repository.hanyang.ac.kr/handle/20.500.11754/100549
- ISSN
- 1949-3053; 1949-3061
- DOI
- 10.1109/TSG.2015.2413813
- Appears in Collections:
- COLLEGE OF ENGINEERING SCIENCES[E](공학대학) > ELECTRICAL ENGINEERING(전자공학부) > Articles
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