2021/10/04 by Sayyid Mohssen Sajjadi, Meng Wu, Sajjadi, Sayyid Mohssen +1
Computer Science · Engineering · #Electric Vehicles and Infrastructure #Optimal Power Flow Distribution #Smart Grid Energy Management #cs.SY #eess.SY
paper · pdf · doi:10.48550/arxiv.2110.01205
arxiv created 2021/10/04 · arxiv updated 2021/10/05
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.