Cooperatives for demand side management

Ramachandra Kota; Georgios Chalkiadakis; Valentin Robu; Alex Rogers; Nicholas R. Jennings

doi:10.3233/978-1-61499-098-7-969

Cooperatives for demand side management

Ramachandra Kota
, Georgios Chalkiadakis
, Valentin Robu
, Alex Rogers
, Nicholas R. Jennings

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › Academic › peer-review

30 Citations (Scopus)

15 Downloads (Pure)

Abstract

We propose a new scheme for efficient demand side management for the Smart Grid. Specifically, we envisage and promote the formation of cooperatives of medium-large consumers and equip them (via our proposed mechanisms) with the capability of regularly participating in the existing electricity markets by providing electricity demand reduction services to the Grid. Based on mechanism design principles, we develop a model for such cooperatives by designing methods for estimating suitable reduction amounts, placing bids in the market and redistributing the obtained revenue amongst the member agents. Our mechanism is such that the member agents have no incentive to show artificial reductions with the aim of increasing their revenues.

Original language	English
Title of host publication	20th European Conference on Artificial Intelligence, ECAI 2012
Publisher	IOS Press
Number of pages	6
ISBN (Print)	9781614990970
DOIs	https://doi.org/10.3233/978-1-61499-098-7-969
Publication status	Published - 2012
Externally published	Yes

Publication series

Name	Frontiers in Artificial Intelligence and Applications
Volume	242

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 7 Affordable and Clean Energy

Access to Document

10.3233/978-1-61499-098-7-969

pdfFinal published version, 249 KBLicence: CC BY-NC

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Cite this

@inproceedings{8b028b4be8014b8ca9d2658a567ed7d9,

title = "Cooperatives for demand side management",

abstract = "We propose a new scheme for efficient demand side management for the Smart Grid. Specifically, we envisage and promote the formation of cooperatives of medium-large consumers and equip them (via our proposed mechanisms) with the capability of regularly participating in the existing electricity markets by providing electricity demand reduction services to the Grid. Based on mechanism design principles, we develop a model for such cooperatives by designing methods for estimating suitable reduction amounts, placing bids in the market and redistributing the obtained revenue amongst the member agents. Our mechanism is such that the member agents have no incentive to show artificial reductions with the aim of increasing their revenues.",

author = "Ramachandra Kota and Georgios Chalkiadakis and Valentin Robu and Alex Rogers and Jennings, \{Nicholas R.\}",

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language = "English",

isbn = "9781614990970",

series = "Frontiers in Artificial Intelligence and Applications",

publisher = "IOS Press",

booktitle = "20th European Conference on Artificial Intelligence, ECAI 2012",

address = "Netherlands",

}

Cooperatives for demand side management. / Kota, Ramachandra; Chalkiadakis, Georgios; Robu, Valentin et al.
20th European Conference on Artificial Intelligence, ECAI 2012. IOS Press, 2012. (Frontiers in Artificial Intelligence and Applications; Vol. 242).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › Academic › peer-review

TY - GEN

T1 - Cooperatives for demand side management

AU - Kota, Ramachandra

AU - Chalkiadakis, Georgios

AU - Robu, Valentin

AU - Rogers, Alex

AU - Jennings, Nicholas R.

PY - 2012

Y1 - 2012

N2 - We propose a new scheme for efficient demand side management for the Smart Grid. Specifically, we envisage and promote the formation of cooperatives of medium-large consumers and equip them (via our proposed mechanisms) with the capability of regularly participating in the existing electricity markets by providing electricity demand reduction services to the Grid. Based on mechanism design principles, we develop a model for such cooperatives by designing methods for estimating suitable reduction amounts, placing bids in the market and redistributing the obtained revenue amongst the member agents. Our mechanism is such that the member agents have no incentive to show artificial reductions with the aim of increasing their revenues.

AB - We propose a new scheme for efficient demand side management for the Smart Grid. Specifically, we envisage and promote the formation of cooperatives of medium-large consumers and equip them (via our proposed mechanisms) with the capability of regularly participating in the existing electricity markets by providing electricity demand reduction services to the Grid. Based on mechanism design principles, we develop a model for such cooperatives by designing methods for estimating suitable reduction amounts, placing bids in the market and redistributing the obtained revenue amongst the member agents. Our mechanism is such that the member agents have no incentive to show artificial reductions with the aim of increasing their revenues.

U2 - 10.3233/978-1-61499-098-7-969

DO - 10.3233/978-1-61499-098-7-969

M3 - Conference contribution

SN - 9781614990970

T3 - Frontiers in Artificial Intelligence and Applications

BT - 20th European Conference on Artificial Intelligence, ECAI 2012

PB - IOS Press

ER -

Cooperatives for demand side management

Abstract

Publication series

UN SDGs

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