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Shapley Value-Based Method for Calculating the Contribution of Retail Customers Participating in Demand Response Program  

Kim, Ji-Hui (고려대 공대 전자전기공학과)
Wi, Young-Min (고려대 공대 전기전자전파공학과)
Joo, Sung-Kwan (고려대 공대 전기전자전파공학부)
Publication Information
The Transactions of The Korean Institute of Electrical Engineers / v.58, no.12, 2009 , pp. 2354-2358 More about this Journal
Abstract
Demand response (DR) can be used to improve the efficiency of electricity markets and increase the reliability of power systems. As more utilities attempt to reduce the purchasing costs by implementing DR programs strategically, there is an increasing need for studies of how to allocate the reduced purchasing costs among DR program participants. The rebates or incentives can be given to DR program participants in proportion to the participants' contributions to the reduced purchasing costs. This paper presents Shapley Value-based method to determine the DR program participants' contributions to the reduced purchasing costs. A numerical example is presented to validate the effectiveness of the proposed method.
Keywords
Demand Response; Shapley Value; Load Shifting; Electricity Purchase Cost;
Citations & Related Records
Times Cited By KSCI : 1  (Citation Analysis)
Times Cited By SCOPUS : 0
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