Decentralization of power supply, development and growing penetration of renewable energy, as well as increasing energy consumption require new models and techniques for sustainable and efficient power grids. Uncontrollable nature of renewable energy supply, such as weather-dependent solar and wind generation, leads us to the idea of production-oriented consumption, when consumers adapt to currently available energy generation. However, consumers need to be motivated to follow this goal, since changes in consumption behavior are naturally inconvenient. One of possible motivation schemes is use of pricing mechanisms. In this work, we formulate a multi generator power grid model over day-head time span. We define consumer cost functions, and describe a competitive game of consumers. Then we incorporate the pricing mechanisms on the generators side that influence the equilibrium consumption profile. Finally, we implement a sample 6-node model in order to verify this technique.

Original languageEnglish
Title of host publication2016 International Conference on Recent Advances and Innovations in Engineering, ICRAIE 2016
PublisherInstitute of Electrical and Electronics Engineers Inc.
ISBN (Electronic)9781509028078
DOIs
StatePublished - 2016
Event2016 IEEE International Conference on Recent Advances and Innovations in Engineering, ICRAIE 2016 - Jaipur, India
Duration: 23 Dec 201625 Dec 2016

Publication series

Name2016 International Conference on Recent Advances and Innovations in Engineering, ICRAIE 2016

Conference

Conference2016 IEEE International Conference on Recent Advances and Innovations in Engineering, ICRAIE 2016
Country/TerritoryIndia
CityJaipur
Period23/12/1625/12/16

    Research areas

  • Competitive games, Demand response, Power grids, Pricing mechanisms

    Scopus subject areas

  • Energy Engineering and Power Technology
  • Renewable Energy, Sustainability and the Environment
  • Electrical and Electronic Engineering
  • Instrumentation
  • Computer Networks and Communications

ID: 14091526