Date of this Version
Parallel and Distributed Systems, IEEE Transactions on Volume: PP , Issue: 99
In this paper, we study a real-time information based demand-side management (DSM) system with advanced communication networks in smart grid. DSM can smooth peakto- average ratio (PAR) of power usage in the grid, which in turn reduces the waste of fuel and the emission of greenhouse gas. We first target to minimize PAR with a centralized scheme. To motivate power suppliers, we further propose another centralized scheme targeting minimum power generation cost. However, customers may not be motivated by a centralized scheme since such a scheme requires total control and privacy from them. A centralized scheme also requires too much real-time data exchange for frequent DSM deployment. To tackle these issues, we propose game theoretical approaches so that most of the computation is performed locally. In the proposed game, all the customers are motivated by extra savings if participating. Moreover, we prove that all parties benefit from the DSM system to the same level because both the centralized schemes and the game theoretical approach minimize global PAR. Such an analysis is further demonstrated by the simulation results and discussions. Additionally, we evaluate the performance of several (partially) distributed approaches in order to find the best way to deploy DSM system.