Matching Demand with Supply in the Smart Grid using Agent-Based Multiunit Auction

Recent work has suggested reducing electricity generation cost by cutting the peak to average ratio (PAR) without reducing the total amount of the loads. However, most of these proposals rely on consumer's willingness to act. In this paper, we propose an approach to cut PAR explicitly from the supply side. The resulting cut loads are then distributed among consumers by the means of a multiunit auction which is done by an intelligent agent on behalf of the consumer. This approach is also in line with the future vision of the smart grid to have the demand side matched with the supply side. Experiments suggest that our approach reduces overall system cost and gives benefit to both consumers and the energy provider.


Published in:
2013 Fifth International Conference On Communication Systems And Networks (Comsnets)
Presented at:
2013 Fifth International Conference on Communication Systems and Networks (COMSNETS), Bangalore, India, 7-10 Jan. 2013
Year:
2013
Publisher:
New York, IEEE
ISSN:
2155-2487
ISBN:
978-1-4673-5330-4
Keywords:
Laboratories:




 Record created 2013-02-26, last modified 2018-12-03

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