Energy Storage Sharing in Smart Grid: A Modified Auction-Based Approach

By Wayes Tushar, Bo Chai, Chau Yuen, Shisheng Huang, David B. Smith, H. Vincent Poor, Zaiyue Yang. IEEE Transactions on Smart Grid, 2015

318 citations recorded by the source corpus.

This paper studies the solution of joint energy storage (ES) ownership sharing between multiple shared facility controllers (SFCs) and those dwelling in a residential community. The main objective is to enable the residential units (RUs) to decide on the fraction of their ES capacity that they want to share with the SFCs of the community in order to assist them in storing electricity, e.g., for fulfilling the demand of various shared facilities. To this end, a modified auction-based mechanism is designed that captures the interaction between the SFCs and the RUs so as to determine the auction price and the allocation of ES shared by the RUs that governs the proposed joint ES ownership. The fraction of the capacity of the storage that each RU decides to put into the market to share with the SFCs and the auction price are determined by a noncooperative Stackelberg game formulated between the RUs and the auctioneer. It is shown that the proposed auction possesses the incentive compatibility and the individual rationality properties, which are leveraged via the unique Stackelberg equilibrium solution of the game. Numerical experiments are provided to confirm the effectiveness of the proposed scheme.

Subfields: Control and Systems Engineering, Electrical and Electronic Engineering

View Paper: https://www.semanticscholar.org/paper/def23f9d36a6e516809d38bb3577d3795fca2a14

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Control and Systems Engineering

1. Chau Yuen
2. Wayes Tushar
3. Tapan Kumar Saha
4. H. Vincent Poor
5. Thomas Morstyn

In Electrical and Electronic Engineering

1. Chau Yuen
2. H. Vincent Poor
3. Wayes Tushar
4. Tapan Kumar Saha
5. Thomas Morstyn
6. Yuanwei Liu
7. Zhiguo Ding
8. Robert Schober

Citations in the corpus

• Peer-to-Peer Energy Systems for Connected Communities: A Review of Recent Advances and Emerging Challenges (2020, background): “Community market X X [19], [31], [38]–[40]”
• Transforming Energy Networks via Peer to Peer Energy Trading: Potential of Game Theoretic Approaches (2018, methodology): “In [35], the authors propose an interesting integration of an auction game with a Stackelberg game to provide demand response services to the network users by sharing energy storage devices.”