Genis Mendoza, F. orcid.org/0000-0001-7483-0654, Baldivieso Monasterios, P.R., Bauso, D. et al. (1 more author) (2021) Demand-side management in a micro-grid with multiple retailers : a coalitional game approach. In: ECC 2021 - European Control Conference. European Control Conference (ECC 2021), 29 Jun - 02 Jul 2021, Rotterdam, Netherlands (online). European Control Association (EUCA)
Abstract
This paper deals with the design and analysis of a novel on-line pricing mechanism based on coalitional game theory. The proposed architecture consists of a micro-grid (MG) where the power demand can be fulfilled by multiple competing energy retailers trying to attract consumers by announcing a price in a hierarchical leader-follower structure. The existence of a Stackelberg equilibrium in such game is shown, leading to a guaranteed consumption value given a price. The coalition formation is then extended to a minimum spanning tree game that affects the rational decision of the players involved. The stability analysis for the resulting coalitions is performed and the steps in the game are presented. Simulations provide a comparison of the profits generated by the proposed scheme against a more traditional single retailer scheme, while simultaneously showing convergence towards steady-state equilibrium.
Metadata
Item Type: | Proceedings Paper |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © 2021. |
Dates: |
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Institution: | The University of Sheffield |
Academic Units: | The University of Sheffield > Faculty of Engineering (Sheffield) > Department of Automatic Control and Systems Engineering (Sheffield) |
Funding Information: | Funder Grant number Engineering and Physical Sciences Research Council EP/S001107/1; EP/S031863/1 |
Depositing User: | Symplectic Sheffield |
Date Deposited: | 06 Oct 2021 10:54 |
Last Modified: | 06 Oct 2021 10:55 |
Published Version: | https://controls.papercept.net/conferences/confere... |
Status: | Published |
Publisher: | European Control Association (EUCA) |
Related URLs: | |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:178631 |