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

Sayyid Mohssen Sajjadi; Meng Wu

doi:10.1109/PESGM46819.2021.9638168

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 proceeding › Conference contribution

1 Scopus citations

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.

Original language	English (US)
Title of host publication	2021 IEEE Power and Energy Society General Meeting, PESGM 2021
Publisher	IEEE Computer Society
ISBN (Electronic)	9781665405072
DOIs	https://doi.org/10.1109/PESGM46819.2021.9638168
State	Published - 2021
Event	2021 IEEE Power and Energy Society General Meeting, PESGM 2021 - Washington, United States Duration: Jul 26 2021 → Jul 29 2021

Publication series

Name	IEEE Power and Energy Society General Meeting
Volume	2021-July
ISSN (Print)	1944-9925
ISSN (Electronic)	1944-9933

Conference

Conference	2021 IEEE Power and Energy Society General Meeting, PESGM 2021
Country/Territory	United States
City	Washington
Period	7/26/21 → 7/29/21

Keywords

PV systems
demand response
game theory
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

Access to Document

10.1109/PESGM46819.2021.9638168

Cite this

A Game Theoretic Approach for Demand Response Allocation among Strategic Prosumers in Regulated Distribution Utilities. / Sajjadi, Sayyid Mohssen; Wu, Meng.
2021 IEEE Power and Energy Society General Meeting, PESGM 2021. IEEE Computer Society, 2021. (IEEE Power and Energy Society General Meeting; Vol. 2021-July).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution

Sajjadi, SM & Wu, M 2021, A Game Theoretic Approach for Demand Response Allocation among Strategic Prosumers in Regulated Distribution Utilities. in 2021 IEEE Power and Energy Society General Meeting, PESGM 2021. IEEE Power and Energy Society General Meeting, vol. 2021-July, IEEE Computer Society, 2021 IEEE Power and Energy Society General Meeting, PESGM 2021, Washington, United States, 7/26/21. https://doi.org/10.1109/PESGM46819.2021.9638168

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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.",

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N2 - 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.

AB - 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.

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KW - demand response

KW - game theory

KW - supply and demand ratio

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

Abstract

Publication series

Conference

Keywords

ASJC Scopus subject areas

Access to Document

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Cite this