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Cooperatives for demand side management

Nicholas R Jennings

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URIhttp://purl.tuc.gr/dl/dias/DA4FF4F5-92B1-458C-B049-8489B516766B-
Identifierhttp://eprints.soton.ac.uk/339761/1/demmang.pdf-
Languageen-
Extent5 pagesen
TitleCooperatives for demand side managementen
CreatorNicholas R Jenningsen
CreatorAlex Rogersen
CreatorValentin Robuen
CreatorGeorgios Chalkiadakisen
CreatorRamachandra Kotaen
Content SummaryWe propose a new scheme for efficient demand side management for the Smart Grid. Specifically, we envisage and pro- mote the formation of cooperatives of medium-large consumers and equip them (via our proposed mechanisms) with the capability of reg- ularly participating in the existing electricity markets by providing electricity demand reduction services to the Grid. Based on mecha- nism design principles, we develop a model for such cooperatives by designing methods for estimating suitable reduction amounts, placing bids in the market and redistributing the obtained revenue amongst the member agents. Our mechanism is such that the mem- ber agents have no incentive to show artificial reductions with the aim of increasing their revenues.en
Type of ItemΠλήρης Δημοσίευση σε Συνέδριοel
Type of ItemConference Full Paperen
Licensehttp://creativecommons.org/licenses/by/4.0/en
Date of Item2015-09-26-
Date of Publication2012-
Bibliographic CitationR.Kota, G.Chalkiadakis, V. Robu, A. Rogers, N.R Jennings .(2012) .Cooperatives for demand side management.Presented at the Seventh Conference on Prestigious Applications of Intelligent Systems.[onlive].Available :http://eprints.soton.ac.uk/339761/1/demmang.pdfen

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