A Game Theoretic Approach for Demand Response Allocation among Strategic Prosumers in Regulated Distribution Utilities
This paper studies an optimal allocation of demand response (DR) provisions among strategic photovoltaic (PV) prosumers, through third-party DR providers which operate within the territory of the regulated distribution utility. A game theoretic model, consisting of a sequential game coupled with a s...
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| creator | Sajjadi, Sayyid Mohssen Wu, Meng |
| description | This paper studies an optimal allocation of demand response (DR) provisions
among strategic photovoltaic (PV) prosumers, through third-party DR providers
which operate within the territory of the regulated distribution utility. A
game theoretic model, consisting of a sequential game coupled with a
simultaneous game, is proposed to capture the competition and interaction among
PV prosumers, the third-party DR providers, and the utility company. An
iterative approach is proposed to solve for the Nash equilibrium of the game.
With this game theoretic model, the DR provision quantities for strategic PV
prosumers are optimally determined, considering the profit maximizations of the
PV prosumers, the DR providers, and the utility company. Case studies on an
IEEE test system verifies the proposed model and the solution approach. |
| doi_str_mv | 10.48550/arxiv.2110.01205 |
| format | Article |
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among strategic photovoltaic (PV) prosumers, through third-party DR providers
which operate within the territory of the regulated distribution utility. A
game theoretic model, consisting of a sequential game coupled with a
simultaneous game, is proposed to capture the competition and interaction among
PV prosumers, the third-party DR providers, and the utility company. An
iterative approach is proposed to solve for the Nash equilibrium of the game.
With this game theoretic model, the DR provision quantities for strategic PV
prosumers are optimally determined, considering the profit maximizations of the
PV prosumers, the DR providers, and the utility company. Case studies on an
IEEE test system verifies the proposed model and the solution approach.</description><identifier>DOI: 10.48550/arxiv.2110.01205</identifier><language>eng</language><subject>Computer Science - Systems and Control</subject><creationdate>2021-10</creationdate><rights>http://arxiv.org/licenses/nonexclusive-distrib/1.0</rights><oa>free_for_read</oa><woscitedreferencessubscribed>false</woscitedreferencessubscribed></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><link.rule.ids>228,230,780,885</link.rule.ids><linktorsrc>$$Uhttps://arxiv.org/abs/2110.01205$$EView_record_in_Cornell_University$$FView_record_in_$$GCornell_University$$Hfree_for_read</linktorsrc><backlink>$$Uhttps://doi.org/10.48550/arXiv.2110.01205$$DView paper in arXiv$$Hfree_for_read</backlink></links><search><creatorcontrib>Sajjadi, Sayyid Mohssen</creatorcontrib><creatorcontrib>Wu, Meng</creatorcontrib><title>A Game Theoretic Approach for Demand Response Allocation among Strategic Prosumers in Regulated Distribution Utilities</title><description>This paper studies an optimal allocation of demand response (DR) provisions
among strategic photovoltaic (PV) prosumers, through third-party DR providers
which operate within the territory of the regulated distribution utility. A
game theoretic model, consisting of a sequential game coupled with a
simultaneous game, is proposed to capture the competition and interaction among
PV prosumers, the third-party DR providers, and the utility company. An
iterative approach is proposed to solve for the Nash equilibrium of the game.
With this game theoretic model, the DR provision quantities for strategic PV
prosumers are optimally determined, considering the profit maximizations of the
PV prosumers, the DR providers, and the utility company. Case studies on an
IEEE test system verifies the proposed model and the solution approach.</description><subject>Computer Science - Systems and Control</subject><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2021</creationdate><recordtype>article</recordtype><sourceid>GOX</sourceid><recordid>eNotkMFOhDAQhnvxYFYfwJN9AVagtHSPZFdXk000imcytFO2CVDSlo2-vYie5s_8-SaZj5C7LN0WkvP0AfyXvWzzbFmkWZ7ya3Kp6BEGpPUZncdoFa2myTtQZ2qcpwccYNT0HcPkxoC06nunIFo3Uhjc2NGP6CFit3Bv3oV5QB-oHRegm_ul0PRgQ_S2nVfmM9reRovhhlwZ6APe_s8NqZ8e6_1zcno9vuyrUwKi5AmXyBQXRgijy1JwLHaGtUornRW7QgPK1kDJmBE6FUoWUkpR5iBEmwFbAtuQ-7-z6-PN5O0A_rv5FdCsAtgPT4BYGA</recordid><startdate>20211004</startdate><enddate>20211004</enddate><creator>Sajjadi, Sayyid Mohssen</creator><creator>Wu, Meng</creator><scope>AKY</scope><scope>GOX</scope></search><sort><creationdate>20211004</creationdate><title>A Game Theoretic Approach for Demand Response Allocation among Strategic Prosumers in Regulated Distribution Utilities</title><author>Sajjadi, Sayyid Mohssen ; Wu, Meng</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-a675-58e3c56f66fd7765e49f3bcdcd1494dae8bfa733f6d06c84888672a66b1a372a3</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2021</creationdate><topic>Computer Science - Systems and Control</topic><toplevel>online_resources</toplevel><creatorcontrib>Sajjadi, Sayyid Mohssen</creatorcontrib><creatorcontrib>Wu, Meng</creatorcontrib><collection>arXiv Computer Science</collection><collection>arXiv.org</collection></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext_linktorsrc</fulltext></delivery><addata><au>Sajjadi, Sayyid Mohssen</au><au>Wu, Meng</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>A Game Theoretic Approach for Demand Response Allocation among Strategic Prosumers in Regulated Distribution Utilities</atitle><date>2021-10-04</date><risdate>2021</risdate><abstract>This paper studies an optimal allocation of demand response (DR) provisions
among strategic photovoltaic (PV) prosumers, through third-party DR providers
which operate within the territory of the regulated distribution utility. A
game theoretic model, consisting of a sequential game coupled with a
simultaneous game, is proposed to capture the competition and interaction among
PV prosumers, the third-party DR providers, and the utility company. An
iterative approach is proposed to solve for the Nash equilibrium of the game.
With this game theoretic model, the DR provision quantities for strategic PV
prosumers are optimally determined, considering the profit maximizations of the
PV prosumers, the DR providers, and the utility company. Case studies on an
IEEE test system verifies the proposed model and the solution approach.</abstract><doi>10.48550/arxiv.2110.01205</doi><oa>free_for_read</oa></addata></record> |
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| subjects | Computer Science - Systems and Control |
| title | A Game Theoretic Approach for Demand Response Allocation among Strategic Prosumers in Regulated Distribution Utilities |
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