Incentive-based demand response considering hierarchical electricity market: A Stackelberg game approach

2017 ◽  
Vol 203 ◽  
pp. 267-279 ◽  
Author(s):  
Mengmeng Yu ◽  
Seung Ho Hong
Author(s):  
Atharva Ketkar ◽  
Joselyn Koonamparampath ◽  
Mayur Sawant

Abstract Electrical power, generated and consumed, is perhaps, one of today’s most important construct in determining the progress of a people. The power mismatch between the generated and consumed power is one of the major issues faced in the electricity industry. This can be addressed by analysing user behaviour and manipulating it. This paper attempts to put forth a demand response (DR) technique using the concept of Time-of-Use (ToU) electricity pricing. The utilities have an upper hand of quoting the electricity price whereas the users must follow this price and give their best response of power consumption. This process is similar to a leader-follower setting as in a Stackelberg game where the follower acts according to the leader’s strategy and gives its best response in every situation. This paper proposes a pricing technique where the users are charged according to the amount of power consumed in the specific period of time.


2021 ◽  
Vol 14 (6) ◽  
Author(s):  
Hyungna Oh ◽  
Hyo Youn Chu

Energies ◽  
2018 ◽  
Vol 11 (9) ◽  
pp. 2391 ◽  
Author(s):  
Kody Ponds ◽  
Ali Arefi ◽  
Ali Sayigh ◽  
Gerard Ledwich

The world is progressing towards a more advanced society where end-consumers have access to local renewable-based generation and advanced forms of information and technology. Hence, it is in a current state of transition between the traditional approach to power generation and distribution, where end-consumers of electricity have typically been inactive in their involvement with energy markets and a new approach that integrates their active participation. This new approach includes the use of distributed energy resources (DER) such as renewable-based generation and demand response (DR), which are being rapidly adopted by end-consumers where incentives are strong. This paper presents the role of the DR aggregator to effectively integrate DER technology as a new source of energy capacity into electricity networks using information communication technology and industry knowledge., Based on DR aggregators, this framework will efficiently facilitate renewable energy integration and customer engagement into the electricity market. To this aim, advantages and disadvantages of DR aggregators are discussed in this paper from political, economic, social, and technological (PEST) points of view. Based on this analysis, a strengths, weaknesses, opportunities, and threats (SWOT) analysis for a typical DR aggregator is presented.


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