NDLI: A dynamic game behavior: Demand side management based on utility maximization with renewable energy and storage integration

Content Provider	IEEE Xplore Digital Library
Author	Wang Zhang Guo Chen Yu Su Zhaoyang Dong Jueyou Li
Copyright Year	2014
Description	Author affiliation: Sch. of Sci., Inf. Technol. & Eng., Univ. of Ballarat, Ballarat, VIC, Australia (Jueyou Li) \|\| Sch. of Electr. & Inf. Eng., Univ. of Sydney, Sydney, NSW, Australia (Wang Zhang; Guo Chen; Yu Su; Zhaoyang Dong)
Abstract	In the smart grid environment, customers are offered to participate more actively in the electricity energy market with the promise of demand side management (DSM) with distributed energy resources and energy storage. By utilizing proper incentive scheme such as dynamic pricing, numerous objectives could be achieved so that it could benefit both the utility companies and consumers. In this paper, a smart grid environment with multiple users with renewable energy and energy storage devices equipped with smart meters and energy management devices (EMD) is considered. We present a fast distributed algorithm for demand-side management based on the social welfare maximization problem under the dynamic pricing scheme. We also introduced the dynamic game to illustrate the interaction between the utility company and its subscribers, which eventually leads to an equilibrium point. The simulation result validates that the proposed demand side management framework with real time pricing has an effective impact on reducing the peak demand as well as utilizing the renewable energy resources and energy storage devices.
Starting Page	1
Ending Page	5
File Size	3383905
Page Count	5
File Format	PDF
ISBN	9780646923758
DOI	10.1109/AUPEC.2014.6966581
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2014-09-28
Publisher Place	Australia
Access Restriction	Subscribed
Rights Holder	ACPE
Subject Keyword	real time pricing smart grid distributed optimization Electricity Pricing Games Companies dynamic game Educational institutions Smart grids demand side management Energy storage
Content Type	Text
Resource Type	Article

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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
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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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