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ENTRUST

Published: 09 December 2016 Publication History

Abstract

In this paper, real-time energy trading in smart grid is modeled as an optimization process under uncertainties of demand and price information -źa problem perspective that is divergent from the ones in the existing literature. Energy trading in smart grid is affected by demand uncertainties -źintermittent behavior of renewable energy sources, packet loss in the communication network, and fluctuation in customers' demands. Energy trading is also affected by price uncertainty due to the demand uncertainties. In such uncertainty-prone scenario, we propose the algorithm named ENTRUST using the principles of robust game theory to maximize the payoff values for both sides -źcustomers, and grid. We show the existence of robust-optimization equilibrium for establishing the convergence of the game. Simulation results show that the proposed scheme performs better than the existing ones considered as benchmarks in this study. Utilities for the customers are also maximized in order to promote cost-effective and reliable energy management in the smart grid.

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Cited By

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  • (2023)CLEB: A Continual Learning Energy Bidding Framework For An Energy Market Bidding ApplicationProceedings of the 2023 6th Artificial Intelligence and Cloud Computing Conference10.1145/3639592.3639599(46-53)Online publication date: 16-Dec-2023

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Published In

cover image Computer Networks: The International Journal of Computer and Telecommunications Networking
Computer Networks: The International Journal of Computer and Telecommunications Networking  Volume 110, Issue C
December 2016
377 pages

Publisher

Elsevier North-Holland, Inc.

United States

Publication History

Published: 09 December 2016

Author Tags

  1. Communication networks
  2. Energy management
  3. Packet loss
  4. Payoff
  5. Real-time price
  6. Robust game theory
  7. Smart grid
  8. Uncertainty

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  • (2023)CLEB: A Continual Learning Energy Bidding Framework For An Energy Market Bidding ApplicationProceedings of the 2023 6th Artificial Intelligence and Cloud Computing Conference10.1145/3639592.3639599(46-53)Online publication date: 16-Dec-2023

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