A Game Theoretic Approach for Demand Response Allocation among Strategic Prosumers in Regulated Distribution Utilities

Sayyid Mohssen Sajjadi, Meng Wu

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

This paper studies an optimal allocation of demand response (DR) provisions among strategic photovoltaic (PV) prosumers, through third-party DR providers which operate within the territory of the regulated distribution utility. A game theoretic model, consisting of a sequential game coupled with a simultaneous game, is proposed to capture the competition and interaction among PV prosumers, the third-party DR providers, and the utility company. An iterative approach is proposed to solve for the Nash equilibrium of the game. With this game theoretic model, the DR provision quantities for strategic PV prosumers are optimally determined, considering the profit maximizations of the PV prosumers, the DR providers, and the utility company. Case studies on an IEEE test system verifies the proposed model and the solution approach,

Original languageEnglish (US)
Title of host publication2021 IEEE Power and Energy Society General Meeting, PESGM 2021
PublisherIEEE Computer Society
ISBN (Electronic)9781665405072
DOIs
StatePublished - 2021
Externally publishedYes
Event2021 IEEE Power and Energy Society General Meeting, PESGM 2021 - Washington, United States
Duration: Jul 26 2021Jul 29 2021

Publication series

NameIEEE Power and Energy Society General Meeting
Volume2021-July
ISSN (Print)1944-9925
ISSN (Electronic)1944-9933

Conference

Conference2021 IEEE Power and Energy Society General Meeting, PESGM 2021
Country/TerritoryUnited States
CityWashington
Period7/26/217/29/21

Keywords

  • demand response
  • game theory
  • PV systems
  • supply and demand ratio

ASJC Scopus subject areas

  • Energy Engineering and Power Technology
  • Nuclear Energy and Engineering
  • Renewable Energy, Sustainability and the Environment
  • Electrical and Electronic Engineering

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