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Smart meter data analysis can provide insights into residential electricity consumption behaviors. Seasonal variation in consumption is not well understood but yet important to utilities for energy pricing and services. This paper aims to…

Applications · Statistics 2021-12-03 Zhenyu Wang , Hao Wang

The exponential growth of distributed energy resources is enabling the transformation of traditional consumers in the smart grid into prosumers. Such transition presents a promising opportunity for sustainable energy trading. Yet, the…

Signal Processing · Electrical Eng. & Systems 2022-02-03 Afaf Taik , Boubakr Nour , Soumaya Cherkaoui

Harnessing the demand-side flexibility in building and mobility sectors can help to better integrate renewable energy into power systems and reduce global CO2 emissions. Enabling this sector coupling can be achieved with advances in energy…

In societal-scale infrastructures, such as electric grids or transportation networks, pricing mechanisms are often used as a way to shape users' demand in order to lower operating costs and improve reliability. Existing approaches to…

Systems and Control · Electrical Eng. & Systems 2023-08-01 Spencer Hutchinson , Berkay Turan , Mahnoosh Alizadeh

This paper takes a fresh look at the economic theory that is motivation for pricing models, such as critical peak pricing (CPP), or surge pricing, and the demand response models advocated by policy makers and in the power systems…

Optimization and Control · Mathematics 2021-03-30 Hala Ballouz , Joel Mathias , Sean Meyn , Robert Moye , Joseph Warrington

We use a power grid model with $M$ generators and $N$ consumption units to optimize the grid and its control. Each consumer demand is drawn from a predefined finite-size-support distribution, thus simulating the instantaneous load…

Statistical Mechanics · Physics 2009-10-21 Lenka Zdeborová , Aurélien Decelle , Michael Chertkov

Recent years have seen increased interest in the design and deployment of smart grid devices and control algorithms. Each of these smart communicating devices represents a potential access point for an intruder spurring research into…

Computer Science and Game Theory · Computer Science 2016-11-18 Scott Backhaus , Russell Bent , James Bono , Ritchie Lee , Brendan Tracey , David Wolpert , Dongping Xie , Yildiray Yildiz

Energy considerations can significantly affect the behavior of a population of energy-consuming agents with limited energy budgets, for instance, in the movement process of people in a city. We consider a population of interacting agents…

Disordered Systems and Neural Networks · Physics 2024-11-13 Mohsen Ghasemi Nezhadhaghighi , Abolfazl Ramezanpour

The modernization of the power system introduces technologies that may improve the system's efficiency by enhancing the capabilities of users. Despite their potential benefits, such technologies can have a negative impact. This subject has…

Computer Science and Game Theory · Computer Science 2019-06-28 Carlos Barreto , Eduardo Mojica-Nava , Nicanor Quijano

An existing challenge in power systems is the implementation of optimal demand management through dynamic pricing. This paper encompasses the design, analysis and implementation of a novel on-line pricing scheme based on coalitional game…

Optimization and Control · Mathematics 2024-07-16 Fernando Genis Mendoza , Pablo R Baldivieso Monasterios , Dario Bauso , George Konstantopoulos

It is envisioned that building systems will become active participants in the smart grid operation by controlling their energy consumption to optimize complex criteria beyond ensuring local end-use comfort satisfaction. A forecast of the…

Optimization and Control · Mathematics 2018-06-08 Soumya Kundu , Thiagarajan Ramachandran , Yan Chen , Draguna Vrabie

This paper presents an automated peer-to-peer (P2P) negotiation strategy for settling energy contracts among prosumers in a Residential Energy Cooperative (REC) considering heterogeneous prosumer preferences. The heterogeneity arises from…

Multiagent Systems · Computer Science 2018-10-24 Shantanu Chakraborty , Tim Baarslag , Michael Kaisers

This paper studies a three party energy management problem in a user interactive smart community that consists of a large number of residential units (RUs) with distributed energy resources (DERs), a shared facility controller (SFC) and the…

Systems and Control · Computer Science 2014-02-25 Wayes Tushar , Bo Chai , Chau Yuen , David B. Smith , H. Vincent Poor

The advent of more proactive consumers, the so-called "prosumers", with production and storage capabilities, is empowering the consumers and bringing new opportunities and challenges to the operation of power systems in a market…

Computers and Society · Computer Science 2018-12-10 Tiago Sousa , Tiago Soares , Pierre Pinson , Fabio Moret , Thomas Baroche , Etienne Sorin

This paper considers a cooperative network with multiple source-destination pairs and one energy harvesting relay. The outage probability experienced by users in this network is characterized by taking the spatial randomness of user…

Information Theory · Computer Science 2015-06-16 Zhiguo Ding , H. Vincent Poor

We consider a multi-user network where a network manager and selfish users interact. The network manager monitors the behavior of users and intervenes in the interaction among users if necessary, while users make decisions independently to…

Computer Science and Game Theory · Computer Science 2010-08-03 Jaeok Park , Mihaela van der Schaar

The introduction of aggregator structures has proven effective in bringing fairness to energy resource allocation by negotiating for more resources and economic surplus on behalf of users. This paper extends the fair energy resource…

Computer Science and Game Theory · Computer Science 2024-10-16 Jiayi Li , Matt Motoki , Baosen Zhang

Time-varying electricity pricing better reflects the varying cost of electricity compared to flat-rate pricing. Variations between peak and off-peak costs are increasing due to weather variation, renewable intermittency, and increasing…

General Economics · Economics 2025-09-03 Nathan Engelman Lado , Richard Chen , Saurabh Amin

The growing share of proactive actors in the electricity markets calls for more attention on prosumers and more support for their decision-making under decentralized electricity markets. In view of the changing paradigm, it is crucial to…

Optimization and Control · Mathematics 2021-05-24 Ni Wang , Remco Verzijlbergh , Petra Heijnen , Paulien Herder

Peer-to-peer (P2P) energy trading is a promising market scheme to accommodate the increasing distributed energy resources (DERs). However, how P2P to be integrated into the existing power systems remains to be investigated. In this paper,…

Computational Engineering, Finance, and Science · Computer Science 2022-08-24 Yu Yang , Yue Chen , Guoqiang Hu , Costas J. Spanos