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Analysis of Nash equilibria in energy markets with large populations of price-responsive flexible appliances
| File | Description | Size | Format | |
|---|---|---|---|---|
 CDC2015.pdf | Accepted version | 342.02 kB | Adobe PDF | View/Open |
| Title: | Analysis of Nash equilibria in energy markets with large populations of price-responsive flexible appliances |
| Authors: | De Paola, A Angeli, D Strbac, G |
| Item Type: | Conference Paper |
| Abstract: | © 2015 IEEE.This paper deals with flexible electrical devices that, on the basis of a broadcast price signal, schedule their individual power consumption in order to minimize their energy cost. If the devices population is sufficiently large to be described as a continuum, it is possible to provide necessary and sufficient conditions for the existence of a Nash equilibrium in the energy market. This is done by comparing two functions which characterize, respectively, the valley capacity of the inflexible demand and the global properties of the appliances population. The equilibrium conditions, which do not require any iterative procedure to be applied, are finally tested in simulations. |
| Issue Date: | 8-Feb-2016 |
| Date of Acceptance: | 1-Jan-2015 |
| URI: | http://hdl.handle.net/10044/1/32088 |
| DOI: | https://dx.doi.org/10.1109/CDC.2015.7403095 |
| ISBN: | 9781479978861 |
| ISSN: | 0743-1546 |
| Publisher: | IEEE |
| Start Page: | 5587 |
| End Page: | 5592 |
| Journal / Book Title: | Proceedings of the IEEE Conference on Decision and Control |
| Copyright Statement: | © 2015 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. |
| Conference Name: | 2015 54th IEEE Conference on Decision and Control (CDC) |
| Publication Status: | Published |
| Start Date: | 2015-12-15 |
| Finish Date: | 2015-12-18 |
| Conference Place: | Osaka, Japan |
| Appears in Collections: | Electrical and Electronic Engineering Faculty of Engineering |