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| Content Provider | IEEE Xplore Digital Library |
|---|---|
| Author | Lihui Bai Guangyang Xu Zheng, Q.P. |
| Copyright Year | 2014 |
| Description | Author affiliation: Dept. of Ind. Eng. & Manage. Syst., Univ. of Central Florida, Orlando, FL, USA (Zheng, Q.P.) || Dept. of Ind. Eng., Univ. of Louisville, Louisville, KY, USA (Lihui Bai; Guangyang Xu) |
| Abstract | We propose a new game theoretical equilibrium model to analyze residential users' electricity consumption behavior in smart grid where energy usage and price data are exchanged between users and utilities via advanced communication. Consideration is given to users' possible preference on convenience over cost-saving under the real-time pricing in smart grid, and each user is assumed to have a preferred time window for using a particular appliance. As a result, each user (player) in the proposed energy consumption game wishes to maximize a payoff or utility consisting of two parts: the negative of electricity cost and the convenience of using appliances during their preferred time windows. Extensive numerical tests suggest that users with less flexibility on their preferred usage times have larger impact on the system performance at equilibrium. This provide insights for utilities to design their pricing based demand response schemes. |
| Starting Page | 1 |
| Ending Page | 5 |
| File Size | 292588 |
| Page Count | 5 |
| File Format | |
| ISBN | 9781479964154 |
| DOI | 10.1109/PESGM.2014.6938898 |
| Language | English |
| Publisher | Institute of Electrical and Electronics Engineers, Inc. (IEEE) |
| Publisher Date | 2014-07-27 |
| Publisher Place | USA |
| Access Restriction | Subscribed |
| Rights Holder | Institute of Electrical and Electronics Engineers, Inc. (IEEE) |
| Subject Keyword | Home appliances Electricity Smart grids Numerical models Games Energy consumption Pricing |
| Content Type | Text |
| Resource Type | Article |
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