A double-sided non-cooperative game in electricity market with demand response and parameterization of supply functions

Guo, Ningxuan; Wang, Yinan; Yan, Gangfeng

doi:10.1016/j.ijepes.2020.106565

Cited by 18 publications

(4 citation statements)

References 25 publications

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“…Simulations performed for 3 energy sellers and 1000 users show that the superior performance of the proposed mechanism in flattening load level and increasing seller side profit and demand side payoff. Similarly, reference [81] propose a double-sided NG based on the supply function equilibrium and the energy consumption scheduling models. To search the two NEs of the double-sided game, the gradient ascent and Rosen's gradient projection methods are applied.…”

Section: ) Non-cooperative Gamementioning

confidence: 99%

Game-Theoretic Applications for Decision-Making Behavior on the Energy Demand Side: a Systematic Review

Ji,

Liu,

Tang

2024

Prot. Control Mod. Power Syst.

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As an essential characteristic of the smart grid, energy demand users are being transformed from passive roles to active decision-makers. To analyze their decision-making behaviors, game theory has been widely applied on the demand side. This paper focuses on the classification and in-depth analysis of recent studies that propose game-theoretic approaches for decision optimization of multiple demand users. This analysis classifies scenarios into various game participant categories, including distributed energy prosumers, small-and middle-sized users, and large energy consumers. The in-depth analysis of each scenario, covering non-cooperative game, cooperative game, Stackelberg game, Bayesian game, and evolutionary game, is conducted by analyzing market operation mechanisms, model assumptions/formulations, and solution methods. Based on a comprehensive review of such studies, it is concluded that game-theoretic applications on the demand side can benefit both the grid and the users, e.g., reductions in the peak-to-average ratios and energy costs of the users. The prospects for the applications of game theory on the demand side are discussed, including application scenarios and methodologies. The overview presented in this paper is expected to support researchers in comprehending typical game-theoretic concepts, keeping with the latest research developments, and identifying new and innovative applications for the energy demand side.

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Section: ) Non-cooperative Gamementioning

confidence: 99%

Game-Theoretic Applications for Decision-Making Behavior on the Energy Demand Side: a Systematic Review

Ji,

Liu,

Tang

2024

Prot. Control Mod. Power Syst.

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“…That is, day-ahead bidding process of LA is a typical non-cooperative game. The formulated non-cooperative game is presented as follows (Guo et al, 2021):…”

Section: Non-cooperative Game In Day-ahead Marketmentioning

confidence: 99%

Joint game-theoretical optimization for load aggregators in demand response market considering the breach of residential consumers

Cui

Liu

et al. 2023

Front. Energy Res.

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Demand response (DR) with the participation of load aggregator (LA) has received extensive attention in recent years due to the increasing energy demand. However, LA has to face the risk that consumers may refuse to be controlled by LA due to the uncertainty of energy consumption on demand side. Therefore, this paper proposes a joint game-theoretical optimization for LAs in DR day-ahead market and intraday market considering the breach of residential consumers. In day-ahead market, LA will compete with other LAs and obtain the optimal bidding amount through a non-cooperative game process, to obtain the maximal self-profit. In intraday market, in order to make up for the breach amount of consumers, DR resource-deficit LAs can purchase resource from DR resource-surplus LAs via Nash bargaining process. Basically, Nash bargaining model is formulated and solved by translating the optimization problem into two sub-problems. Finally, a case study is performed to show the effectiveness of the proposed DR framework. Simulation results show that the whole profit of all LAs increases 25.9% compared with the scenario where LAs only participate in day-ahead market and will be punished by DR market due to the bidding breach.

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“…In the literature, many global benefits are addressed in power systems worldwide. Frequency control [51], power regulation [52], flexibility reserve [53], peak shaving/valley filling [54], decarbonizing the power systems [55], optimization of power system operation cost [56], facilitation of renewable power integration [57], enhancement of power system reliability [58], and reduction of investment cost in power systems are the most important global support. In the local support, the local distribution network takes the advantage of the flexible demands.…”

Section: Demand Flexibilitymentioning

confidence: 99%

Demand-Side Flexibility in Power Systems: A Survey of Residential, Industrial, Commercial, and Agricultural Sectors

Golmohamadi

2022

Sustainability

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In recent years, environmental concerns about climate change and global warming have encouraged countries to increase investment in renewable energies. As the penetration of renewable power goes up, the intermittency of the power system increases. To counterbalance the power fluctuations, demand-side flexibility is a workable solution. This paper reviews the flexibility potentials of demand sectors, including residential, industrial, commercial, and agricultural, to facilitate the integration of renewables into power systems. In the residential sector, home energy management systems and heat pumps exhibit great flexibility potential. The former can unlock the flexibility of household devices, e.g., wet appliances and lighting systems. The latter integrates the joint heat–power flexibility of heating systems into power grids. In the industrial sector, heavy industries, e.g., cement manufacturing plants, metal smelting, and oil refinery plants, are surveyed. It is discussed how energy-intensive plants can provide flexibility for energy systems. In the commercial sector, supermarket refrigerators, hotels/restaurants, and commercial parking lots of electric vehicles are pointed out. Large-scale parking lots of electric vehicles can be considered as great electrical storage not only to provide flexibility for the upstream network but also to supply the local commercial sector, e.g., shopping stores. In the agricultural sector, irrigation pumps, on-farm solar sites, and variable-frequency-drive water pumps are shown as flexible demands. The flexibility potentials of livestock farms are also surveyed.

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A double-sided non-cooperative game in electricity market with demand response and parameterization of supply functions

Cited by 18 publications

References 25 publications

Game-Theoretic Applications for Decision-Making Behavior on the Energy Demand Side: a Systematic Review

Game-Theoretic Applications for Decision-Making Behavior on the Energy Demand Side: a Systematic Review

Joint game-theoretical optimization for load aggregators in demand response market considering the breach of residential consumers

Demand-Side Flexibility in Power Systems: A Survey of Residential, Industrial, Commercial, and Agricultural Sectors

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