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Cooperative Game-theoretic Approach to Load Balancing in Smart Grids with Community Energy Storage

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dc.contributor Aalto-yliopisto fi
dc.contributor Aalto University en
dc.contributor.author Rajasekharan, Jayaprakash
dc.contributor.author Koivunen, Visa
dc.date.accessioned 2015-07-10T09:00:53Z
dc.date.available 2015-07-10T09:00:53Z
dc.date.issued 2015
dc.identifier.citation Rajasekharan, Jayaprakash & Koivunen, Visa. 2015. Cooperative Game-theoretic Approach to Load Balancing in Smart Grids with Community Energy Storage. European Signal Processing Conference. en
dc.identifier.uri https://aaltodoc.aalto.fi/handle/123456789/17193
dc.description.abstract In this paper, we propose a model for households to share energy from community energy storage (CES) such that both households and utility company benefit from CES. In addition to providing a range of ancillary grid services, CES can also be used for demand side management, to shave peaks and fill valleys in system load. We introduce a method stemming from consumer theory and cooperative game theory that uses CES to balance the load of an entire locality and manage household energy allocations respectively. Load balancing is derived as a geometric programming problem. Each household’s contribution to overall non-uniformity of the load profile is modeled using a characteristic function and Shapley values are used to allocate the amount and price of surplus energy stored in CES. The proposed method is able to perfectly balance the load while also making sure that each household is guaranteed a reduction in energy costs. en
dc.format.mimetype application/pdf en
dc.language.iso en en
dc.publisher IEEE en
dc.publisher IEEE fi
dc.relation.ispartof European Signal Processing Conference en
dc.rights © 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. en
dc.subject.other Electrical engineering en
dc.subject.other Energy en
dc.title Cooperative Game-theoretic Approach to Load Balancing in Smart Grids with Community Energy Storage en
dc.type A4 Artikkeli konferenssijulkaisussa fi
dc.description.version Peer reviewed en
dc.contributor.school Sähkötekniikan korkeakoulu fi
dc.contributor.school School of Electrical Engineering en
dc.contributor.department Signaalinkäsittelyn ja akustiikan laitos fi
dc.contributor.department Department of Signal Processing and Acoustics en
dc.subject.keyword demand side management en
dc.subject.keyword community energy storage en
dc.subject.keyword load balancing en
dc.subject.keyword cooperative game theory en
dc.subject.keyword smart grid en
dc.identifier.urn URN:NBN:fi:aalto-201506133189
dc.type.dcmitype text en
dc.type.version Post print en


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