Sharing Storage in a Smart Grid: A Coalitional Game Approach

Chakraborty, Pratyush; Baeyens, Enrique; Poolla, Kameshwar; Khargonekar, Pramod P.; Varaiya, Pravin

doi:10.1109/tsg.2018.2858206

Sharing Storage in a Smart Grid: A Coalitional Game Approach

Journal Article · Fri Jul 20 00:00:00 EDT 2018 · IEEE Transactions on Smart Grid

DOI:https://doi.org/10.1109/tsg.2018.2858206· OSTI ID:1572026

^[1]; ^[2]; Poolla, Kameshwar ^[3]; ^[4]; ^[3]

Univ. of California, Berkeley, CA (United States). Dept. of Mechanical Engineering
Univ. de Valladolid, Valladolid (Spain). Inst. de las Tecnologıas Avanzadas de la Produccion
Univ. of California, Berkeley, CA (United States). Dept. of Electrical Engineering and Computer Science
Univ. of California, Irvine, CA (United States). Dept. of Electrical Engineering and Computer Science

Sharing economy is a transformative socio-economic phenomenon built around the idea of sharing underused resources and services, e.g., transportation and housing, thereby reducing costs and extracting value. Anticipating continued reduction in the cost of electricity storage, we look into the potential opportunity in electrical power system where consumers share storage with each other. We consider two different scenarios. In the first scenario, consumers are assumed to already have individual storage devices and they explore cooperation to minimize the realized electricity consumption cost. In the second scenario, a group of consumers is interested to invest in joint storage capacity and operate it cooperatively. The resulting system problems are modeled using cooperative game theory. Finally, in both cases, the cooperative games are shown to have non-empty cores and we develop efficient cost allocations in the core with analytical expressions. Thus, sharing of storage in cooperative manner is shown to be very effective for the electric power system.

View Accepted Manuscript (DOE)

Research Organization:: Lawrence Berkeley National Laboratory (LBNL), Berkeley, CA (United States)

Sponsoring Organization:: USDOE Office of Science (SC); National Science Foundation (NSF); National Research Foundation of Singapore

Grant/Contract Number:: AC02-05CH11231

OSTI ID:: 1572026

Journal Information:: IEEE Transactions on Smart Grid, Journal Name: IEEE Transactions on Smart Grid Journal Issue: 4 Vol. 10; ISSN 1949-3053

Publisher:: IEEECopyright Statement

Country of Publication:: United States

Language:: English

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Distributed Capacity Allocation of Shared Energy Storage Using Online Convex Optimization Xie, Kan; Zhong, Weifeng; Li, Weijun Energies, Vol. 12, Issue 9 https://doi.org/10.3390/en12091642	journal	April 2019

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