A Real-Time Information Based Demand-Side Management System in Smart Grid
Open Access
- 13 February 2015
- journal article
- Published by Institute of Electrical and Electronics Engineers (IEEE) in IEEE Transactions on Parallel and Distributed Systems
- Vol. 27 (2), 329-339
- https://doi.org/10.1109/tpds.2015.2403833
Abstract
In this paper, we study a real-time information based demand-side management (DSM) system with advanced communication networks in smart grid. DSM can smooth peak-to-average ratio (PAR) of power usage in the grid, which in turn reduces the waste of fuel and the emission of greenhouse gas. We first target to minimize PAR with a centralized scheme. To motivate power suppliers, we further propose another centralized scheme targeting minimum power generation cost. However, customers may not be motivated by a centralized scheme since such a scheme requires total control and privacy from them. A centralized scheme also requires too much real-time data exchange for frequent DSM deployment. To tackle these issues, we propose game theoretical approaches so that most of the computation is performed locally. In the proposed game, all the customers are motivated by extra savings if participating. Moreover, we prove that all parties benefit from the DSM system to the same level because both the centralized schemes and the game theoretical approach minimize global PAR. Such an analysis is further demonstrated by the simulation results and discussions. Additionally, we evaluate the performance of several (partially) distributed approaches in order to find the best way to deploy DSM system.Keywords
Funding Information
- National Science Foundation (CNS-1423348, CNS-1423408)
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