Mean-field-type games for distributed power networks in presence of prosumers

Alain Tcheukam, Hamidou Tembine

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

In this paper we study distributed power networks using Bayesian mean-field-type game theory. A prosumer (producer-consumer) is a user that not only consumes electricity, but can also produce and store electricity. We identify and formulate the key interactions between consumers, prosumers and producers. Based on forecasted demand, each operator determines its production quantity, its mismatch cost, and engages an auction mechanism to the prosumer market. All the operators together are engaged in a competitive energy market share. The resulting supply is completed by the prosumers auction market. This determines a market price, and the consumers react to the price and generate a demand. The consistency relationship between demand and supply of the three components provides a fixed-point system, whose solution is a mean-field equilibrium.

Original languageEnglish (US)
Title of host publicationProceedings of the 28th Chinese Control and Decision Conference, CCDC 2016
PublisherInstitute of Electrical and Electronics Engineers Inc.
Pages446-451
Number of pages6
ISBN (Electronic)9781467397148
DOIs
StatePublished - Aug 3 2016
Event28th Chinese Control and Decision Conference, CCDC 2016 - Yinchuan, China
Duration: May 28 2016May 30 2016

Publication series

NameProceedings of the 28th Chinese Control and Decision Conference, CCDC 2016

Other

Other28th Chinese Control and Decision Conference, CCDC 2016
CountryChina
CityYinchuan
Period5/28/165/30/16

Keywords

  • auction
  • demand-supply
  • game theory
  • power networks
  • prosumer

ASJC Scopus subject areas

  • Artificial Intelligence
  • Decision Sciences (miscellaneous)
  • Statistics, Probability and Uncertainty
  • Control and Systems Engineering
  • Control and Optimization

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