Leveraging Game Theory to Design Incentive-Compatible Time-Varying electricity pricing with Demand-Side management

Leveraging Game Theory to Design Incentive-Compatible Time-Varying electricity pricing with Demand-Side management

This study investigates a novel approach to improve energy efficiency through a Demand Response (DR) program with a Game Theory (GT)-based Time-of-Use (ToU) pricing model. While traditional DR programs encourage consumption shifts towards off-peak periods, they utilize a flat pricing structure. This...

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Bibliographic Details
Main Authors: Magda I. El-Afifi, Bishoy E. Sedhom, Abdelfattah A. Eladl, Padmanaban Sanjeevikumar, Samaa Fawzy
Format: Article
Language:English
Published: Elsevier 2024-10-01
Series:Energy Conversion and Management: X
Subjects:
Demand response program
Pricing scheme
Archimedes optimization algorithm
Game theory
Meta-heuristic optimization
Online Access:http://www.sciencedirect.com/science/article/pii/S2590174524002939
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