Abstract
Demand response (DR) has gained a significant recent interest due to its potential for mitigating many power system problems. Game theory is a very effective tool to be utilized in DR management. In this paper, the DR between a distribution system operator (DSO) and load aggregators (LAs) is designed as a Stackelberg game, where the DSO acts as the leader and LAs are regarded as the followers. Due to the limitations of the centralized solution approaches, a genetic algorithm-based decentralized approach is proposed. To demonstrate the proposed approach, a case study concerning a day-ahead optimization for a real-time pricing market with a single DSO and three LAs is designed and optimized. The proposed approach is able to shift the demand peaks and prove that it has a great potential to be used for the Stackelberg game between a DSO and multiple LAs to fully exploit the potential of DR.
| Original language | English |
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| Title of host publication | Proceedings of the 2020 Spring Simulation Conference, SpringSim 2020 |
| Editors | Fernando J. Barros, Xiaolin Hu, Hamdi Kavak, Alberto A. Del Barrio |
| Publisher | Institute of Electrical and Electronics Engineers Inc. |
| ISBN (Electronic) | 9781565553705 |
| DOIs | |
| State | Published - May 2020 |
| Event | 2020 Spring Simulation Conference, SpringSim 2020 - Virtual, Fairfax, United States Duration: May 18 2020 → May 21 2020 |
Publication series
| Name | Proceedings of the 2020 Spring Simulation Conference, SpringSim 2020 |
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Conference
| Conference | 2020 Spring Simulation Conference, SpringSim 2020 |
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| Country/Territory | United States |
| City | Virtual, Fairfax |
| Period | 05/18/20 → 05/21/20 |
Funding
This manuscript has been authored by UT-Battelle, LLC under Contract No. DE-AC05-00OR22725 with the U.S. Department of Energy. The United States Government retains and the publisher, by accepting the article for publication, acknowledges that the United States Government retains a non-exclusive, paid-up, irrevocable, world-wide license to publish or reproduce the published form of this manuscript, or allow others to do so, for United States Government purposes. The Department of Energy will provide public access to these results of federally sponsored research in accordance with the DOE Public Access Plan (http://energy.gov/downloads/doe-public-access-plan).
Keywords
- Stackelberg game
- demand response
- genetic algorithms
- smart grid