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Multi Agent Coordination for Demand Management with Energy Generation and Storage

Zheng, Ronghuo and Xu, Ying and Chakraborty, Nilanjan and Lewis, Michael and Sycara, Katia (2015) Multi Agent Coordination for Demand Management with Energy Generation and Storage. In: International Conference on Group Decision and Negotiation. (In Press)

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Abstract

In this paper, we focus on demand side management in consumer collectives with community owned renewable energy generation and storage facilities for effective integration of renewable energy with the existing fossil fuelbased power supply system. The collective buys energy as a group through a central coordinator who also decides about the storage and usage of renewable energy. produced by the collective. Our objective is to design coordination algorithms to minimize the cost of electricity consumption of the consumer collective while allowing the consumers to make their own consumption decisions based on their private consumption constraints and preferences. Minimizing the cost is not only of interest to the consumers but is also socially desirable because it reduces the consumption at times of peak demand (since differential pricing mechanisms like time-of-use pricing is usually used by electricity companies to discourage consumption at times of peak demand). We develop an iterative coordination algorithm in which the coordinator makes the storage decision and shapes the demands of the consumers by designing a virtual price signal for the agents. We prove that our algorithm converges, and it achieves the optimal solution under realistic conditions We also present simulation results based on real world consumption data to quantify the performance of our algorithm.

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Details

Item Type: Conference or Workshop Item (Paper)
Status: In Press
Creators/Authors:
CreatorsEmailPitt UsernameORCID
Zheng, Ronghuo
Xu, Ying
Chakraborty, Nilanjan
Lewis, Michael
Sycara, Katia
Date: 2015
Date Type: Publication
Access Restriction: No restriction; Release the ETD for access worldwide immediately.
Journal or Publication Title: International Conference on Group Decision and Negotiation
Publisher: INFORMS
Event Title: International Conference on Group Decision and Negotiation
Event Type: Conference
Institution: University of Pittsburgh
Schools and Programs: School of Information Sciences > Information Science
Refereed: Yes
Date Deposited: 05 Jun 2015 20:37
Last Modified: 01 Nov 2017 12:55
URI: http://d-scholarship.pitt.edu/id/eprint/25321

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