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A Real-Time Demand-Response Algorithm for Smart Grids: A Stackelberg Game Approach.
- Source :
- IEEE Transactions on Smart Grid; Mar2016, Vol. 7 Issue 2, p879-888, 10p
- Publication Year :
- 2016
-
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. [ABSTRACT FROM PUBLISHER]
Details
- Language :
- English
- ISSN :
- 19493053
- Volume :
- 7
- Issue :
- 2
- Database :
- Complementary Index
- Journal :
- IEEE Transactions on Smart Grid
- Publication Type :
- Academic Journal
- Accession number :
- 113196116
- Full Text :
- https://doi.org/10.1109/TSG.2015.2413813