[KSCI] Korea Science Citation Index Service

http://dx.doi.org/10.5370/JEET.2017.12.6.2157

Competition and Coalition of the Participants with Demand Response in Electricity Market

Lee, Kwang-Ho (Department of Electrical Engineering, Dankook University)

Publication Information

Journal of Electrical Engineering and Technology / v.12, no.6, 2017 , pp. 2157-2165 More about this Journal

Abstract

This study deals with the design of the mechanism in which demand response (DR) resources are traded in the power generation market. In general, a DR aggregator (DRA), which extends DR resources and provides technical support, is central to this mechanism. In this study, power users, called DR customer (DRC), participate in load reduction and are also modeled to participate directly in DR-related bidding. The DRA provides incentives to the DRC, indirectly impacting the market, and the DRC use the bid parameters strategically. We present the conditions for finding Nash Equilibrium (NE) in game problems of various participants including market operators, and analyze the characteristics of DRA and DRC related models. It also analyzes the impact of the participants on the market according to various types of competition and coalitions between DRA and DRC.

Keywords

Demand response; Demand response aggregator; Competition and coalition; Load reduction; Nash equilibrium;

Citations & Related Records

Times Cited By KSCI : 3 (Citation Analysis)

Reference
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