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A hierarchical, market-based, non-cooperative game-theoretic approach to projecting flexible demand-side resources: Towards more realistic demand response-integrated, long-term energy planning models

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conference contribution
posted on 16.08.2021, 08:36 by Soheil MohseniSoheil Mohseni, Alan BrentAlan Brent, S Kelly
This paper presents a non-cooperative, zero-sum, symmetric game approach to projecting the flexible demand-side resources to improve the reliability and robustness of long-term strategic energy planning models. A specifically devised distributed algorithm is put forward to determine the unique, pure-strategy Nash equilibrium of a non-cooperative game formulated for the delivery of aggregator-mediated demand response resources, at which no player can yield a higher payoff by deviating from its best-response strategy. The simulation for the operation of renewable energy systems is run over the course of a year. Furthermore, using a metaheuristic-based solution algorithm proposed for the optimal capacity planning of microgrids, the model was satisfactorily applied to the energy infrastructure planning of a test-case system conceptualized for the town of Ohakune, in New Zealand. The simulation results suggest that not only does the proposed market-directed, incentive-based, strategic demand-side management planning framework help elicit further contributions from the customers, which, in turn, reduces the reserve capacity requirements to meet the peak demand, it also guarantees the highest possible payoff for all players of the game. According to the simulation results, the test-case system's life-cycle cost can be reduced by up to ~29% compared to the case, where no demand response is considered.

History

Preferred citation

Mohseni, S., Brent, A. C. & Kelly, S. (2020, September). A hierarchical, market-based, non-cooperative game-theoretic approach to projecting flexible demand-side resources: Towards more realistic demand response-integrated, long-term energy planning models. In International Conference on the European Energy Market, EEM 2020 17th International Conference on the European Energy Market (EEM) (2020-September pp. 1-6). IEEE. https://doi.org/10.1109/EEM49802.2020.9221977

Conference name

2020 17th International Conference on the European Energy Market (EEM)

Conference start date

16/09/2020

Conference finish date

18/09/2020

Title of proceedings

International Conference on the European Energy Market, EEM

Volume

2020-September

Publication or Presentation Year

01/09/2020

Pagination

1-6

Publisher

IEEE

Publication status

Published

ISSN

2165-4077

eISSN

2165-4093