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

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dc.contributor.authorKhojasteh, Meysam
dc.contributor.authorMarzband, Mousa
dc.contributor.authorLightbody, Gordon
dc.contributor.authorDehghan, Shahab
dc.contributor.funderScience Foundation Irelanden
dc.contributor.funderNational Science Foundationen
dc.date.accessioned2018-09-03T11:29:09Z
dc.date.available2018-09-03T11:29:09Z
dc.date.issued2018-06
dc.date.updated2018-08-02T11:40:54Z
dc.description.abstractOperators 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.sponsorshipScience Foundation Ireland and the National Science Foundation (US-Ireland Research and Development Partnership Program: Grant Number 16/US-C2C/3290)en
dc.description.statusPeer revieweden
dc.description.urihttp://codit2018.com/en
dc.description.versionAccepted Versionen
dc.format.mimetypeapplication/pdfen
dc.identifier.citationDehghan, 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.2018.8394804en
dc.identifier.doi10.1109/CoDIT.2018.8394804
dc.identifier.endpage109en
dc.identifier.issn2576-3555
dc.identifier.startpage104en
dc.identifier.urihttps://hdl.handle.net/10468/6699
dc.language.isoenen
dc.publisherInstitute of Electrical and Electronics Engineers (IEEE)en
dc.relation.ispartof5th 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.subjectUncertaintyen
dc.subjectForward contractsen
dc.subjectRobustnessen
dc.subjectSensitivityen
dc.subjectProcurementen
dc.subjectElectronic mailen
dc.titleOptimal energy providing strategy of micro-grid's operator based on a game theoretical approachen
dc.typeConference itemen
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