A noncooperative game for double auction-based energy trading between PHEVs and distribution grids

Walid Saad, Zhu Han, H. Vincent Poor, Tamer Başar

Research output: Chapter in Book/Report/Conference proceedingConference contribution

68 Scopus citations

Abstract

Plug-in hybrid electric vehicles (PHEVs) will constitute a key element in the emerging smart grid system. In this paper, the complex decision making processes of a number of PHEV groups seeking to sell part of their stored energy in a power market are studied using noncooperative games and double auctions. In particular, a noncooperative game is formulated between the PHEV groups. In this game, each PHEV group can make a decision on the maximum amount of energy surplus that it is willing to sell so as to maximize a utility function that captures the tradeoff between the economical benefits from energy trading and the associated costs. The trading price governing the energy exchange market between the PHEVs and the smart grid network is determined using a strategy-proof double auction. For solving the game, an algorithm based on best response dynamics is proposed using which the PHEV groups can reach a Nash equilibrium point. Simulation results show how our approach allows the PHEV groups to act strategically while improving the average utility achieved per PHEV group of up to 100.2% relative to a greedy algorithm.

Original languageEnglish (US)
Title of host publication2011 IEEE International Conference on Smart Grid Communications, SmartGridComm 2011
Pages267-272
Number of pages6
DOIs
StatePublished - Dec 1 2011
Event2011 IEEE 2nd International Conference on Smart Grid Communications, SmartGridComm 2011 - Brussels, Belgium
Duration: Oct 17 2011Oct 20 2011

Publication series

Name2011 IEEE International Conference on Smart Grid Communications, SmartGridComm 2011

Other

Other2011 IEEE 2nd International Conference on Smart Grid Communications, SmartGridComm 2011
CountryBelgium
CityBrussels
Period10/17/1110/20/11

All Science Journal Classification (ASJC) codes

  • Computer Networks and Communications
  • Communication

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    Saad, W., Han, Z., Poor, H. V., & Başar, T. (2011). A noncooperative game for double auction-based energy trading between PHEVs and distribution grids. In 2011 IEEE International Conference on Smart Grid Communications, SmartGridComm 2011 (pp. 267-272). [6102331] (2011 IEEE International Conference on Smart Grid Communications, SmartGridComm 2011). https://doi.org/10.1109/SmartGridComm.2011.6102331