A mechanism for encouraging active consumers to optimize the operations of power supply systems

A mechanism for encouraging active consumers to optimize the operations of power supply systems

We propose to analyze an interaction of power supply company and consumers as a game in which the retailer’s goal is to maximize its profit, and the consumer’s goal is to maximize its utility. The utility function of each consumer is described proceeding from the form of the loss function of the con...

Full description

Bibliographic Details
Main Authors: Aizenberg Natalia, Voropai Nicolai, Stashkevich Elena
Format: Article
Language:English
Published: EDP Sciences 2017-01-01
Series:SHS Web of Conferences
Online Access:https://doi.org/10.1051/shsconf/20173501022
id doaj-99e2436e856c4ef9b2ab97f09aee483d
record_format Article
spelling doaj-99e2436e856c4ef9b2ab97f09aee483d2021-02-02T03:41:58ZengEDP SciencesSHS Web of Conferences2261-24242017-01-01350102210.1051/shsconf/20173501022shsconf_icie2017_01022A mechanism for encouraging active consumers to optimize the operations of power supply systemsAizenberg Natalia0Voropai Nicolai1Stashkevich Elena2Melentiev Energy Systems Institute of SB RASMelentiev Energy Systems Institute of SB RASNational Research Irkutsk State Technical UniversityWe propose to analyze an interaction of power supply company and consumers as a game in which the retailer’s goal is to maximize its profit, and the consumer’s goal is to maximize its utility. The utility function of each consumer is described proceeding from the form of the loss function of the consumer, and one of our goals in the submitted paper is to find how to describe this load function mathematically. We want to develop an economic mechanism that help the power retailer to find an optimal strategy on the set of possible loads and tariffs. They should satisfy a set of constraints binding these two variables by natural requirements imposed on the values of the consumer utility functions.https://doi.org/10.1051/shsconf/20173501022
collection DOAJ
language English
format Article
sources DOAJ
author Aizenberg Natalia
Voropai Nicolai
Stashkevich Elena
spellingShingle Aizenberg Natalia
Voropai Nicolai
Stashkevich Elena
A mechanism for encouraging active consumers to optimize the operations of power supply systems
SHS Web of Conferences
author_facet Aizenberg Natalia
Voropai Nicolai
Stashkevich Elena
author_sort Aizenberg Natalia
title A mechanism for encouraging active consumers to optimize the operations of power supply systems
title_short A mechanism for encouraging active consumers to optimize the operations of power supply systems
title_full A mechanism for encouraging active consumers to optimize the operations of power supply systems
title_fullStr A mechanism for encouraging active consumers to optimize the operations of power supply systems
title_full_unstemmed A mechanism for encouraging active consumers to optimize the operations of power supply systems
title_sort mechanism for encouraging active consumers to optimize the operations of power supply systems
publisher EDP Sciences
series SHS Web of Conferences
issn 2261-2424
publishDate 2017-01-01
description We propose to analyze an interaction of power supply company and consumers as a game in which the retailer’s goal is to maximize its profit, and the consumer’s goal is to maximize its utility. The utility function of each consumer is described proceeding from the form of the loss function of the consumer, and one of our goals in the submitted paper is to find how to describe this load function mathematically. We want to develop an economic mechanism that help the power retailer to find an optimal strategy on the set of possible loads and tariffs. They should satisfy a set of constraints binding these two variables by natural requirements imposed on the values of the consumer utility functions.
url https://doi.org/10.1051/shsconf/20173501022
work_keys_str_mv AT aizenbergnatalia amechanismforencouragingactiveconsumerstooptimizetheoperationsofpowersupplysystems
AT voropainicolai amechanismforencouragingactiveconsumerstooptimizetheoperationsofpowersupplysystems
AT stashkevichelena amechanismforencouragingactiveconsumerstooptimizetheoperationsofpowersupplysystems
AT aizenbergnatalia mechanismforencouragingactiveconsumerstooptimizetheoperationsofpowersupplysystems
AT voropainicolai mechanismforencouragingactiveconsumerstooptimizetheoperationsofpowersupplysystems
AT stashkevichelena mechanismforencouragingactiveconsumerstooptimizetheoperationsofpowersupplysystems
_version_ 1724307264188186624

Similar Items