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A Game Theory Approach to Demand Side Management in Smart Grids

  • Conference paper
Intelligent Systems'2014

Part of the book series: Advances in Intelligent Systems and Computing ((AISC,volume 323))

Abstract

With the increase in global energy awareness, smart grids improve the efficiency and peak leveling of power systems. Demand side management is the controlling scheme in such grids and it aims to optimize several characteristics using an interactive dynamic pricing scheme. In this paper we propose a game theoretic approach to the demand side management where several subscribers share one common energy supplier. In our model, users send their demand vectors for an upcoming period of time to the network and the energy provider responds by broadcasting a dynamic price vector. Energy consumers are concerned with minimizing their total energy cost per day while the power provider aims to maximize its profit while minimizing the peak to average load ratio. Converging to a unique Nash equilibrium solution using a dual constrained optimization problem, our model results motivate follow on research.

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Author information

Authors and Affiliations

  1. American University of Beirut, Beirut, Lebanon

    Nadine Hajj & Mariette Awad

Authors
  1. Nadine Hajj
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  2. Mariette Awad
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Corresponding author

Correspondence to Nadine Hajj .

Editor information

Editors and Affiliations

  1. Ford Motor Company, Research & Advanced Engineering, Dearborn, Mississippi, USA

    D. Filev

  2. Industrial Research Institute for Automation and Measurements (PIAP), Warsaw, Poland

    J. Jabłkowski

  3. Polish Academy of Sciences, Systems Research Institute, Warsaw, Poland

    J. Kacprzyk

  4. Polish Academy of Sciences and WIT - Warsaw School of Information Technology, Systems Research Institute, Warsaw, Poland

    M. Krawczak

  5. Bulgarian Academy of Sciences, Institute of Information and Communication, Sofia, Bulgaria

    I. Popchev

  6. Department of Computer Engineering, Częstochowa University of Technology, Częstochowa, Poland

    L. Rutkowski

  7. Bulgarian Academy of Sciences, Institute of Information and Communication Technologies, Sofia, Bulgaria

    V. Sgurev

  8. Department of Computer and Information Technologies, “Prof. Assen Zlatarov" University Faculty of Technical Sciences, Bourgas, Bulgaria

    E. Sotirova

  9. Industrial Research Institute for Automation and Measurements (PIAP), Warsaw, Poland

    P. Szynkarczyk

  10. Polish Academy of Sciences, Systems Research Institute, Warsaw, Poland

    S. Zadrozny

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© 2015 Springer International Publishing Switzerland

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Hajj, N., Awad, M. (2015). A Game Theory Approach to Demand Side Management in Smart Grids. In: Filev, D., et al. Intelligent Systems'2014. Advances in Intelligent Systems and Computing, vol 323. Springer, Cham. https://doi.org/10.1007/978-3-319-11310-4_70

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  • DOI: https://doi.org/10.1007/978-3-319-11310-4_70

  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-319-11309-8

  • Online ISBN: 978-3-319-11310-4

  • eBook Packages: EngineeringEngineering (R0)

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