Energy Demand Side Management with supply constraints: Game theoretic Approach

Abstract

The management of energy supply and demand is becoming more challenging in regions where the demand continues to grow rapidly and more intermittent renewable supply sources are added to the energy infrastructure. In this context, Demand Side Management (DSM) can be employed to improve reliability of supply and stretch the capacity limits of the existing grid infrastructure. A game theoretic approach for DSM model incorporating storage components is suggested in this paper for environments with supply constraints. The proposed model is able to not only reduce the Peak-to-Average ratio to benefit the electric grid, but also smoothen the dips in load profile caused by supply constraints.