The DOI matches its Crossref record; 34 of the 34 references it cites were found in a registry or an index.
Three-Party Energy Management With Distributed Energy Resources in Smart Grid
Open accessAbstract
In this paper, the benefits of distributed energy resources are considered in an energy management scheme for a smart community consisting of a large number of residential units (RUs) and a shared facility controller (SFC). A noncooperative Stackelberg game between the RUs and the SFC is proposed in order to explore how both entities can benefit, in terms of achieved utility and minimizing total cost respectively, from their energy trading with each other and the grid. From the properties of the game, it is shown that the maximum benefit to the SFC, in terms of reduction in total cost, is obtained at the unique and strategy-proof Stackelberg equilibrium (SE). It is further shown that the SE is guaranteed to be reached by the SFC and RUs by executing the proposed algorithm in a distributed fashion, where participating RUs comply with their best strategies in response to the action chosen by the SFC. In addition, a charging-discharging scheme is introduced for the SFC's storage device that can further lower the SFC's total cost if the proposed game is implemented. Numerical experiments confirm the effectiveness of the proposed scheme.
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Cites
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Dynamic Noncooperative Game Theory
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Smart Grid — The New and Improved Power Grid: A Survey
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Guerrero, J. M., Chandorkar, M., Lee, T.-L., & Loh, P. C. (2013) · IEEE Transactions on Industrial Electronics · doi:10.1109/tie.2012.2194969 · Cited by 1,976
AC-microgrids versus DC-microgrids with distributed energy resources: A review
Justo, J. J., Mwasilu, F., Lee, J., & Jung, J.-W. (2013) · Renewable and Sustainable Energy Reviews · doi:10.1016/j.rser.2013.03.067 · Cited by 1,245
Optimal Real-Time Pricing Algorithm Based on Utility Maximization for Smart Grid
Samadi, P., Mohsenian-Rad, A.-H., Schober, R., Wong, V. W. S., & Jatskevich, J. (2010) · 2010 First IEEE International Conference on Smart Grid Communications · doi:10.1109/smartgrid.2010.5622077 · Cited by 1,022
Kanchev, H., Lu, D., Colas, F., Lazarov, V., & Francois, B. (2011) · IEEE Transactions on Industrial Electronics · doi:10.1109/tie.2011.2119451 · Cited by 985
Guerrero, J. M., Loh, P. C., Lee, T.-L., & Chandorkar, M. (2013) · IEEE Transactions on Industrial Electronics · doi:10.1109/tie.2012.2196889 · Cited by 965
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Plug-in Vehicles and Renewable Energy Sources for Cost and Emission Reductions
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Cited by
Consortium Blockchain for Secure Energy Trading in Industrial Internet of Things
Li, Z., Kang, J., Yu, R., Ye, D., Deng, Q., & Zhang, Y. (2017) · IEEE Transactions on Industrial Informatics · doi:10.1109/tii.2017.2786307 · Cited by 1,103
Tushar, W., Yuen, C., Saha, T. K., Morstyn, T., Chapman, A. C., Alam, M. J. E., Hanif, S., & Poor, H. V. (2021) · Applied Energy · doi:10.1016/j.apenergy.2020.116131 · Cited by 523
Self-citationEnergy Sharing Management for Microgrids With PV Prosumers: A Stackelberg Game Approach
Liu, N., Yu, X., Wang, C., & Wang, J. (2017) · IEEE Transactions on Industrial Informatics · doi:10.1109/tii.2017.2654302 · Cited by 425
A motivational game-theoretic approach for peer-to-peer energy trading in the smart grid
Tushar, W., Saha, T. K., Yuen, C., Morstyn, T., McCulloch, M. D., Poor, H. V., & Wood, K. L. (2019) · Applied Energy · doi:10.1016/j.apenergy.2019.03.111 · Cited by 384
Self-citationLiu, N., Cheng, M., Yu, X., Zhong, J., & Lei, J. (2018) · IEEE Transactions on Industrial Electronics · doi:10.1109/tie.2018.2793181 · Cited by 292
Metadata
- Authors
- Tushar, W., Chai, B., Yuen, C., Smith, D. B., Wood, K. L., Yang, Z., & Poor, H. V.
- Venue
- IEEE Transactions on Industrial Electronics
- Published
- 2015-04
- Volume
- 62
- Issue
- 4
- Pages
- 2487-2498
- ISSN
- 0278-0046 (ISSN-L)
- 1557-9948
- OpenAlex
- W2051301990
- Cited by
- 379
- References
- 34
- FWCI
- 16.63
- Type
- journal article
- Language
- en
- Open access
- green
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- Tushar, W., Chai, B., Yuen, C., Smith, D. B., Wood, K. L., Yang, Z., & Poor, H. V. (2015). Three-Party Energy Management With Distributed Energy Resources in Smart Grid. IEEE Transactions on Industrial Electronics. https://doi.org/10.1109/tie.2014.2341556
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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
