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Incentivizing strategy for demand response aggregator considering market entry criterion: A game theoretical approach
Alternative TitleIncentivizing strategy for demand response aggregator considering market entry criterion.pdf
Yu, Mengmeng1; Hong, Seung Ho1; Zhang, Xiongfeng1; Jiang, Junhui1; Huang, Xuefei1; Wei, Min2; wang K(王锴)3; Liang W(梁炜)3
Department工业控制网络与系统研究室
Conference Name17th IEEE International Conference on Industrial Informatics, INDIN 2019
Conference DateJuly 22-25, 2019
Conference PlaceHelsinki-Espoo, Finland
Author of SourceIEEE Industrial Electronics Society (IES) ; Tampere University ; The Institute of Electrical and Electronics Engineers (IEEE)
Source PublicationProceedings - 2019 IEEE 17th International Conference on Industrial Informatics, INDIN 2019
PublisherIEEE
Publication PlaceNew York
2019
Pages1077-1082
Indexed ByEI ; CPCI(ISTP)
EI Accession number20200608146343
WOS IDWOS:000529510400160
Contribution Rank3
ISSN1935-4576
ISBN978-1-7281-2927-3
KeywordDemand response (DR) incentivizing strategy market entry criterion customer characteristic Stackelberg game
AbstractThis paper presents a novel incentivizing strategy for a demand response (DR) aggregator to participate in an intra-day market organized by the grid operator (GO). By taking the market entry criterion into consideration, the proposed incentivizing strategy is able to help the aggregator determine the optimal incentive for each customer based on their identified characteristics or preferences. The hierarchical decision making procedure between the aggregator and customers is casted into a Stackelberg game. In accordance, an optimal incentivizing strategy can be ascertained for the aggregator, which further helps the aggregator elicit optimal load reductions from enrolled customers meanwhile maximizing its potential profit. Simulation results show that the proposed incentivizing strategy is effective in helping the aggregator determine optimal incentive for each customer in face of different external factors.
Language英语
Citation statistics
Cited Times:1[WOS]   [WOS Record]     [Related Records in WOS]
Document Type会议论文
Identifierhttp://ir.sia.cn/handle/173321/26278
Collection工业控制网络与系统研究室
Corresponding AuthorHong, Seung Ho
Affiliation1.Hanyang University, Department of Electronic Engineering, Ansan 15588, Korea, Republic of
2.Chongqing University of Posts and Telecommunications, National Industrial IoT International Cooperation Base, Chongqing, China
3.Chinese Academy of Sciences, Key Laboratory of Networked Control Systems, Shenyang Institute of Automation, Shenyang 110016, China
Recommended Citation
GB/T 7714
Yu, Mengmeng,Hong, Seung Ho,Zhang, Xiongfeng,et al. Incentivizing strategy for demand response aggregator considering market entry criterion: A game theoretical approach[C]//IEEE Industrial Electronics Society (IES), Tampere University, The Institute of Electrical and Electronics Engineers (IEEE). New York:IEEE,2019:1077-1082.
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