Cooperatives for demand side management
Cooperatives for demand side management
We propose a new scheme for efficient demand side management for the Smart Grid. Specifically, we envisage and promote the formation of cooperatives of medium-large consumers and equip them (via our proposed mechanisms) with the capability of regularly participating in the existing electricity markets by providing electricity demand reduction services to the Grid. Based on mechanism design principles, we develop a model for such cooperatives by designing methods for estimating suitable reduction amounts, placing bids in the market and redistributing the obtained revenue amongst the member agents. Our mechanism is such that the member agents have no incentive to show artificial reductions with the aim of increasing their revenues
969-974
Kota, Ramachandra
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Chalkiadakis, Georgios
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Robu, Valentin
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Rogers, Alex
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Jennings, Nicholas R.
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August 2012
Kota, Ramachandra
a2b6c536-fa54-4d9e-8f3d-c3fb66f79b86
Chalkiadakis, Georgios
50ef5d10-3ffe-4253-ac88-fad4004240e7
Robu, Valentin
36b30550-208e-48d4-8f0e-8ff6976cf566
Rogers, Alex
f9130bc6-da32-474e-9fab-6c6cb8077fdc
Jennings, Nicholas R.
ab3d94cc-247c-4545-9d1e-65873d6cdb30
Kota, Ramachandra, Chalkiadakis, Georgios, Robu, Valentin, Rogers, Alex and Jennings, Nicholas R.
(2012)
Cooperatives for demand side management.
The Seventh Conference on Prestigious Applications of Intelligent Systems (PAIS @ ECAI), Montpellier, France.
29 - 30 Aug 2012.
.
Record type:
Conference or Workshop Item
(Paper)
Abstract
We propose a new scheme for efficient demand side management for the Smart Grid. Specifically, we envisage and promote the formation of cooperatives of medium-large consumers and equip them (via our proposed mechanisms) with the capability of regularly participating in the existing electricity markets by providing electricity demand reduction services to the Grid. Based on mechanism design principles, we develop a model for such cooperatives by designing methods for estimating suitable reduction amounts, placing bids in the market and redistributing the obtained revenue amongst the member agents. Our mechanism is such that the member agents have no incentive to show artificial reductions with the aim of increasing their revenues
Text
demmang.pdf
- Accepted Manuscript
More information
e-pub ahead of print date: August 2012
Published date: August 2012
Venue - Dates:
The Seventh Conference on Prestigious Applications of Intelligent Systems (PAIS @ ECAI), Montpellier, France, 2012-08-29 - 2012-08-30
Organisations:
Agents, Interactions & Complexity
Identifiers
Local EPrints ID: 339761
URI: http://eprints.soton.ac.uk/id/eprint/339761
PURE UUID: 64de35b3-8530-4c49-9322-a393b5702c08
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Date deposited: 30 May 2012 10:25
Last modified: 14 Mar 2024 11:14
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Contributors
Author:
Ramachandra Kota
Author:
Georgios Chalkiadakis
Author:
Valentin Robu
Author:
Alex Rogers
Author:
Nicholas R. Jennings
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