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A Game Theoretic Approach for Reliable Power Supply in Islanded DG Grids

  • Rohan Mukherjee
  • Rupam Kundu
  • Sanjoy Das
  • Bijaya Ketan Panigrahi
  • Swagatam Das
Part of the Lecture Notes in Computer Science book series (LNCS, volume 8298)

Abstract

Game theory applies mathematical models in deciding interactions among people and their outcome. Mixed strategy Nash equilibrium in general exists in every game with a finite set of actions. Correlated equilibrium is a new solution concept in game theory that is more general than Nash Equilibrium and can be formulated with more accuracy on solutions. In this paper a Correlated Equilibrium based control has been extended to an Islanded Microgrid structure which depicts that scenario in smart-grids when it is isolated from the main power supply during power scarcity. The game theory based control has been shown to perform exceedingly well for the islanded scenario considering multi-agent structure. The individual agents are segregated by a superagent as potential buyers and sellers.A novel problem formulation is proposed and a Constrained variant of a newly proposed Differential Evolution Algorithm, ADE-LbX has been used for solving the non linear optimization problem. The final outcome has shown that the overall utility or satisfaction of agents is maximized extensively after energy trading besides maintaining trade advantage for each agent.

Keywords

Nash Equilibrium Smart Grid Potential Buyer Strategy Nash Equilibrium Correlate Equilibrium 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer International Publishing Switzerland 2013

Authors and Affiliations

  • Rohan Mukherjee
    • 1
  • Rupam Kundu
    • 1
  • Sanjoy Das
    • 2
  • Bijaya Ketan Panigrahi
    • 3
  • Swagatam Das
    • 4
  1. 1.Electronics and Telecommunication Engineering DepartmentJadavpur UniversityIndia
  2. 2.Department of Electrical and Computer EngineeringKansas State UniversityUSA
  3. 3.Electrical Engineering DepartmentIndian Institute of Technology DelhiIndia
  4. 4.Electronics and Communication Sciences UnitIndian Statistical Institute, KolkataIndia

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