Agent-based micro-storage management for the Smart Grid

The use of energy storage devices in homes has been advocated as one of the main ways of saving energy and reducing the reliance on fossil fuels in the future Smart Grid. However, if micro-storage devices are all charged at the same time using power from the electricity grid, it means a higher demand and, hence, requires more generation capacity, results in more carbon emissions, and, in the worst case, breaks down the system due to over-demand. To alleviate such issues, in this paper, we present a novel agentbased micro-storage management technique that allows all (individually-owned) storage devices in the system to converge to profitable, efficient behaviour. Specifically, we provide a general framework within which to analyse the Nash equilibrium of an electricity grid and devise new agent-based storage learning strategies that adapt to market conditions. Taken altogether, our solution shows that, specifically, in the UK electricity market, it is possible to achieve savings of up ...

• Type: Conference
• Year: 2010
• Where: ATAL
• Authors: Perukrishnen Vytelingum, Thomas Voice, Sarvapali D. Ramchurn, Alex Rogers, Nicholas R. Jennings
• Keywords: ATAL 2010, Electricity Grid, Energy Storage Devices, Intelligent Agents, Storage Devices