Optimal energy providing strategy of micro-grid's operator based on a game theoretical approach

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dc.contributor.author Khojasteh, Meysam
dc.contributor.author Marzband, Mousa
dc.contributor.author Lightbody, Gordon
dc.contributor.author Dehghan, Shahab
dc.date.accessioned 2018-09-03T11:29:09Z
dc.date.available 2018-09-03T11:29:09Z
dc.date.issued 2018-06
dc.identifier.citation Dehghan, S., Khojasteh, M., Marzband, M. and Lightbody, G. (2018) 'Optimal energy providing strategy of micro-grid's operator based on a game theoretical approach', 5th International Conference on Control, Decision and Information Technologies (CoDIT), Thessaloniki, Greece, 10-13 April. doi:10.1109/CoDIT.2018.8394804 en
dc.identifier.startpage 104 en
dc.identifier.endpage 109 en
dc.identifier.issn 2576-3555
dc.identifier.uri http://hdl.handle.net/10468/6699
dc.identifier.doi 10.1109/CoDIT.2018.8394804
dc.description.abstract Operators of micro-grid as privately-owned sectors try to optimally determine their energy supply strategy aiming at maximizing their profits. Smart grid infrastructures enable residential consumers to modify their electricity consumption in response to energy prices. Clearly, increasing energy tariffs have positive impacts on the operator's profit. Additionally, sensitivity of consumption to selling prices leads to demand reduction by increasing energy tariffs. Therefore, operators of micro-grids retain a tradeoff between energy tariffs and demand. This paper presents a game theoretical approach for operators of micro-grids to supply the required energy of price-sensitive clients. Additionally, the information-gap decision theory (IGDT) is used to handle the financial risk arising from the uncertain wholesale prices. Simulation results justify the performance of the proposed approach. en
dc.description.sponsorship Science Foundation Ireland and the National Science Foundation (US-Ireland Research and Development Partnership Program: Grant Number 16/US-C2C/3290) en
dc.description.uri http://codit2018.com/ en
dc.format.mimetype application/pdf en
dc.language.iso en en
dc.publisher Institute of Electrical and Electronics Engineers (IEEE) en
dc.relation.ispartof 5th International Conference on Control, Decision and Information Technologies (CoDIT) 2018
dc.rights © 2018, IEEE. Personal use of this material is permitted. Permission from IEEE must be obtained for all other uses, in any current or future media, including reprinting/republishing this material for advertising or promotional purposes, creating new collective works, for resale or redistribution to servers or lists, or reuse of any copyrighted component of this work in other works. en
dc.subject Uncertainty en
dc.subject Forward contracts en
dc.subject Robustness en
dc.subject Sensitivity en
dc.subject Procurement en
dc.subject Electronic mail en
dc.title Optimal energy providing strategy of micro-grid's operator based on a game theoretical approach en
dc.type Conference item en
dc.internal.authorcontactother Gordon Lightbody, Electrical & Electronic Engineering, University College Cork, Cork, Ireland. +353-21-490-3000 Email: g.lightbody@ucc.ie en
dc.internal.availability Full text available en
dc.date.updated 2018-08-02T11:40:54Z
dc.description.version Accepted Version en
dc.internal.rssid 447994376
dc.contributor.funder Science Foundation Ireland en
dc.contributor.funder National Science Foundation en
dc.description.status Peer reviewed en
dc.internal.copyrightchecked Yes en
dc.internal.licenseacceptance Yes en
dc.internal.conferencelocation Thessaloniki, Greece en
dc.internal.IRISemailaddress g.lightbody@ucc.ie en

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