- Title
- Distributed demand peak reduction with non-cooperative players and minimal communication
- Creator
- Collins, Lyle D.; Middleton, Richard H.
- Relation
- IEEE Transactions on Smart Grid Vol. 10, Issue 1, p. 153-162
- Publisher Link
- http://dx.doi.org/10.1109/TSG.2017.2734113
- Publisher
- Institute of Electrical and Electronics Engineers (IEEE)
- Resource Type
- journal article
- Date
- 2019
- Description
- Demand response technology offers the exciting potential to reduce peak energy demand, electricity infrastructure expenditure, and household electricity bills. In this paper, a pricing mechanism that relies on non-cooperative heterogeneous loads knowledgeable of future energy consumption-such as electric vehicles-transferring minimal amounts of information to achieve peak demand response in a distributed fashion, whilst maintaining the privacy of the players. The existence of a Nash equilibrium is proven, as well as convergence conditions proving uniqueness of a Nash equilibrium and the stability of an “Iterated Synchronous Best Response Algorithm.” The price of anarchy (PoA) is proven to approach 1 as the number of homogeneous players approaches infinity, indicating there is no advantage to cooperation for a large number of similar players. Finally, simulation results are presented which suggest that the PoA for a system with heterogeneous players is likely to be proportional to the spread of energy consumption constraints.
- Subject
- demand-side management; distributed algorithms; energy consumption; load management; power system control; power system management; smart grids; transactive energy
- Identifier
- http://hdl.handle.net/1959.13/1416714
- Identifier
- uon:37104
- Identifier
- ISSN:1949-3053
- Language
- eng
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