Efficient buyer groups for prediction-of-use electricity tariffs

Valentin Robu, Meritxell Vinyals, Alex Rogers, Nicholas R. Jennings

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

5 Citations (Scopus)

Abstract

Current electricity tariffs do not reflect the real cost that customers incur to suppliers, as units are charged at the same rate, regardless of how predictable each customer's consumption is. A recent proposal to address this problem are prediction-of-use tariffs. In such tariffs, a customer is asked in advance to predict her future consumption, and is charged based both on her actual consumption and the deviation from her prediction. Prior work (Vinyals et al. 2014) studied the cost game induced by a single such tariff, and showed customers would have an incentive to minimize their risk, by joining together when buying electricity as a grand coalition. In this work we study the efficient (i.e. cost-minimizing) structure of buying groups for the more realistic setting when multiple, competing prediction-of-use tariffs are available. We propose a polynomial time algorithm to compute efficient buyer groups, and validate our approach experimentally, using a large-scale data set of domestic electricity consumers in the UK.

Original languageEnglish
Title of host publicationProceedings of the 28th AAAI Conference on Artificial Intelligence and the 26th Innovative Applications of Artificial Intelligence Conference and the 5th Symposium on Educational Advances in Artificial Intelligence
PublisherAI Access Foundation
Pages451-457
Number of pages7
ISBN (Electronic)9781577356776
Publication statusPublished - 1 Jan 2014
Externally publishedYes
Event28th AAAI Conference on Artificial Intelligence, AAAI 2014, 26th Innovative Applications of Artificial Intelligence Conference, IAAI 2014 and the 5th Symposium on Educational Advances in Artificial Intelligence, EAAI 2014 - Quebec City, Canada
Duration: 27 Jul 201431 Jul 2014

Publication series

NameProceedings of the National Conference on Artificial Intelligence
Volume1

Conference

Conference28th AAAI Conference on Artificial Intelligence, AAAI 2014, 26th Innovative Applications of Artificial Intelligence Conference, IAAI 2014 and the 5th Symposium on Educational Advances in Artificial Intelligence, EAAI 2014
CountryCanada
CityQuebec City
Period27/07/1431/07/14

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