Decentralised Control of Micro-Storage in the Smart Grid
OA Location
Author(s)
Voice, T
Vytelingum, P
Ramchurn, S
Rogers, A
Jennings, N
Type
Conference Paper
Abstract
In this paper, we propose a novel decentralised control mechanism to manage micro-storage in the smart grid. Our approach uses an adaptive pricing scheme that energy suppliers apply to home smart agents controlling micro-storage devices. In particular, we prove that the interaction between a supplier using our pricing scheme and the actions of selfish micro-storage agents forms a globally stable feedback loop that converges to an efficient equilibrium. We further propose a market strategy that allows the supplier to reduce wholesale purchasing costs without increasing the uncertainty and variance for its aggregate consumer demand. Moreover, we empirically evaluate our mechanism (based on the UK grid data) and show that it yields savings of up to 16% in energy cost for consumers using storage devices with average capacity 10 kWh. Furthermore, we show that it is robust against extreme system changes.
Date Issued
2011-08-07
Date Acceptance
2011-08-07
Citation
Proceedings of the Twenty-Fifth AAAI Conference on Artificial Intelligence, 2011, pp.1421-1426
ISBN
978-1-57735-507-6
Publisher
AAAI
Start Page
1421
End Page
1426
Journal / Book Title
Proceedings of the Twenty-Fifth AAAI Conference on Artificial Intelligence
Identifier
http://eprints.soton.ac.uk/272262/
Source
Twenty-Fifth AAAI Conference on Artificial Intelligence
Publication Status
Published
Start Date
2011-08-07
Finish Date
2011-08-11
Coverage Spatial
San Francisco, CA, USA