Cooperatives for demand side management

Ramachandra Kota, Georgios Chalkiadakis, Valentin Robu, Alex Rogers, Nicholas R. Jennings

Research output: Chapter in Book/Conference proceedings/Edited volumeConference contributionScientificpeer-review

22 Citations (Scopus)

Abstract

We propose a new scheme for efficient demand side management for the Smart Grid. Specifically, we envisage and promote the formation of cooperatives of medium-large consumers and equip them (via our proposed mechanisms) with the capability of regularly participating in the existing electricity markets by providing electricity demand reduction services to the Grid. Based on mechanism 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 member agents have no incentive to show artificial reductions with the aim of increasing their revenues.

Original languageEnglish
Title of host publicationECAI 2012 - 20th European Conference on Artificial Intelligence, 27-31 August 2012, Montpellier, France - Including Prestigious Applications of Artificial Intelligence (PAIS-2012) System Demonstration
PublisherIOS Press
Pages969-974
Number of pages6
ISBN (Print)9781614990970
DOIs
Publication statusPublished - 2012
Externally publishedYes
Event20th European Conference on Artificial Intelligence, ECAI 2012 - Montpellier, France
Duration: 27 Aug 201231 Aug 2012

Publication series

NameFrontiers in Artificial Intelligence and Applications
Volume242
ISSN (Print)0922-6389

Conference

Conference20th European Conference on Artificial Intelligence, ECAI 2012
CountryFrance
CityMontpellier
Period27/08/1231/08/12

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