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Three-Party Energy Management with Distributed Energy Resources in Smart Grid

Tushar, Wayes; Chai, Bo; Yuen, Chau; Smith, David; Wood, Kristin L; Yang, Zaiyue; Poor, H. Vincent


In this paper, the benefits of distributed energy resources are considered in an energy management scheme for a smart community consisting of a large number of residential units (RUs) and a shared facility controller (SFC). A noncooperative Stackelberg game between the RUs and the SFC is proposed in order to explore how both entities can benefit, in terms of achieved utility and minimizing total cost respectively, from their energy trading with each other and the grid. From the properties of...[Show more]

CollectionsANU Research Publications
Date published: 2015
Type: Journal article
Source: IEEE Transactions on Industrial Electronics
DOI: 10.1109/TIE.2014.2341556


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