DOI: 10.14704/nq.2022.20.11.NQ66165

Game Theoretic Demand Side Management – Methods and Approaches: A State-of-the-Art Survey

Priya Esther,Selvin Paul Peter,S. Anita Kumari,A. Vimala Starbino

Abstract

Smart Grid is a state of art power system integrating control methodologies, advanced communication and sensing technologies at transmission and distribution level so to supply electricity in a user-friendly way. Demand side management is an integral component of electric utility and it deals with the consumer side optimization, which can delay the installations of new generation plants with an alternate solution. Mostly dynamic programming, linear programming, and other methods, which are heuristic, which can handle DSM, based optimization issues. To avoid the disadvantage of all the conventional procedures and heuristics a novel strategic and situation-based method of game theory is the latest fascinated topic of research in power system. Various researchers have taken different problem scope with DSM, which aims to include game theory in smart grid. This paper surveys different game theo- retic approaches for various applications in DSM. This survey can influence the researchers to use game theory efficiently in decision making for the future Intelli - grid network

Keywords

Game Theory (GT) · cooperative game · Smart Grid · Peak to Average Ratio (PAR) · Demand Response Aggregator (DRA) · Demand Side Management (DSM) · Nash Equilibrium · Peak to Average Ratio (PAR) ·

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