NDLI: Day-ahead bidding strategies for demand-side expected cost minimization

Content Provider	IEEE Xplore Digital Library
Author	Atzeni, I. Ordonez, L.G. Scutari, G. Palomar, D.P. Fonollosa, J.R.
Copyright Year	2012
Description	Author affiliation: Dept. of Electrical Engineering, State University of New York (SUNY) at Buffalo, USA (Scutari, G.) \|\| Signal Processing and Communications Group, Universitat Politècnica de Catalunya - Barcelona Tech, SPAIN (Atzeni, I.; Ordonez, L.G.; Fonollosa, J.R.) \|\| Dept. of Electric and Computer Engineering, Hong Kong University of Science and Technology (HKUST), HK (Palomar, D.P.)
Abstract	Day-ahead DSM techniques in the smart grid allow the supply-side to know in advance an estimation of the amount of energy to be provided to the demand-side during the upcoming day. However, a pure day-ahead optimization process cannot accommodate potential real-time deviations from the expected energy consumption by the demand-side users, neither the randomness of their renewable sources. This paper proposes a day-ahead bidding system based on a pricing model that combines: i) a price per unit of energy depending on the day-ahead bid energy needs of the demand-side users, and ii) a penalty system that limits the real-time fluctuations around the bid energy loads. In this day-ahead bidding process, demand-side users, possibly having energy production and storage capabilities, are interested in minimizing their expected monetary expense. The resulting optimization problem is formulated as a noncooperative game and is solved by means of suitable distributed algorithms. Finally, the proposed procedure is tested in a realistic setup.
Starting Page	91
Ending Page	96
File Size	551600
Page Count	6
File Format	PDF
ISBN	9781467309103
e-ISBN	9781467309097
DOI	10.1109/SmartGridComm.2012.6485965
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2012-11-05
Publisher Place	Taiwan
Access Restriction	Subscribed
Rights Holder	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subject Keyword	Energy consumption Aggregates Games Production Pricing Load modeling Energy storage
Content Type	Text
Resource Type	Article

Sl.	Authority	Responsibilities	Communication Details
1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
5	Website/Portal (Helpdesk)	Queries regarding NDLI and its services	support@ndl.gov.in
6	Contents and Copyright Issues	Queries related to content curation and copyright issues	content@ndl.gov.in
7	National Digital Library of India Club (NDLI Club)	Queries related to NDLI Club formation, support, user awareness program, seminar/symposium, collaboration, social media, promotion, and outreach	clubsupport@ndl.gov.in
8	Digital Preservation Centre (DPC)	Assistance with digitizing and archiving copyright-free printed books	dpc@ndl.gov.in
9	IDR Setup or Support	Queries related to establishment and support of Institutional Digital Repository (IDR) and IDR workshops	idr@ndl.gov.in

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