Cooperatives for demand side management

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

Onderzoeksoutput: Hoofdstuk in Boek/Rapport/CongresprocedureConferentiebijdrageAcademicpeer review

29 Citaten (Scopus)
23 Downloads (Pure)

Samenvatting

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.
Originele taal-2Engels
Titel20th European Conference on Artificial Intelligence, ECAI 2012
UitgeverijIOS Press
Aantal pagina's6
ISBN van geprinte versie9781614990970
DOI's
StatusGepubliceerd - 2012
Extern gepubliceerdJa

Publicatie series

NaamFrontiers in Artificial Intelligence and Applications
Volume242

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