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Title:Multi-period demand response management in the smart grid: a Stackelberg game approach
Author(s):Alshehri, Khaled Mohammed A
Advisor(s):Basar, Tamer
Department / Program:Electrical & Computer Engineering
Discipline:Electrical & Computer Engineering
Degree Granting Institution:University of Illinois at Urbana-Champaign
Degree:M.S.
Genre:Thesis
Subject(s):Smart Grid
Game Theory
Abstract:This thesis studies a multi-period demand response management problem in the smart grid where multiple utility companies compete among themselves. The user-utility interactions are modeled by a noncooperative game of a Stackelberg type where the interactions among the utility companies are captured through a Nash equilibrium. It is shown that this game has a unique Stackelberg equilibrium at which the utility companies set prices to maximize their revenues (within a Nash game) while the users respond accordingly to maximize their utilities subject to their budget constraints. Closed-form expressions are provided for the corresponding strategies of the users and the utility companies. It is shown, both analytically and numerically, that the multi-period scheme, compared with the single-period one, provides more incentives for energy consumers to participate in demand response programs. A necessary and sufficient condition on the minimum budget needed for a user to participate is provided. The large population regime is also investigated and an appropriate company-to-user ratio is provided.
Issue Date:2015-10-30
Type:Thesis
URI:http://hdl.handle.net/2142/88959
Rights Information:Copyright 2015 Khaled Alshehri
Date Available in IDEALS:2016-03-02
Date Deposited:2015-12


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