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SCIE Article [온라인카지노]A Dynamic pricing demand response algorithm for smart grid: Reinforcement learning approach |
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| Author | Lu, RZ; Hong, SH; Zhang, XF |
| Corresponding Author Info | Prof. Hong, Seung HO |
| Professor | |
 shhong@hanyang.ac.kr
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| 온라인카지노 | APPLIED ENERGY2018,15, 220-230 |
| Times 온라인카지노 | 온라인카지노 |
| External Information | |
| Abstract | - 7월/8월 2020부로, 이 인용 빈도가 높은 논문의 인용 횟수가 분야와 출판 연도에 대해 Engineering 관련 학술 분야에서 상위 1%에 올랐습니다. - JUN 2018 <Abstract With the modern advanced information and communication technologies in smart grid systems, demand response (DR) has become an effective method for improving grid reliability and reducing energy costs due to the ability to react quickly to supply-demand mismatches by adjusting flexible loads on the demand side. This paper proposes a dynamic pricing DR algorithm for energy management in a hierarchical electricity market that considers both service provider’s (SP) profit and customers’ (CUs) costs. Reinforcement learning (RL) is used to illustrate the hierarchical decision-making framework, in which the dynamic pricing problem is formulated as a discrete finite Markov decision process (MDP), and Q-learning is adopted to solve this decision-making problem. Using RL, the SP can adaptively decide the retail electricity price during the on-line learning process where the uncertainty of CUs’ load demand profiles and the flexibility of wholesale electricity prices are addressed. Simulation results show that this proposed DR algorithm, can promote SP profitability, reduce energy costs for CUs, balance energy supply and demand in the electricity market, and improve the reliability of electric power systems, which can be regarded as a win-win strategy for both SP and CUs. |
| Web of Science Categories | Energy & Fuels; Engineering |
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