LAPSE:2023.3721
Published Article
LAPSE:2023.3721
Reinforcement Learning-Based Pricing and Incentive Strategy for Demand Response in Smart Grids
February 22, 2023
Abstract
International agreements support the modernization of electricity networks and renewable energy resources (RES). However, these RES affect market prices due to resource variability (e.g., solar). Among the alternatives, Demand Response (DR) is presented as a tool to improve the balance between electricity supply and demand by adapting consumption to available production. In this sense, this work focuses on developing a DR model that combines price and incentive-based demand response models (P-B and I-B) to efficiently manage consumer demand with data from a real San Juan—Argentina distribution network. In addition, a price scheme is proposed in real time and by the time of use in relation to the consumers’ influence in the peak demand of the system. The proposed schemes increase load factor and improve demand displacement compared to a demand response reference model. In addition, the proposed reinforcement learning model improves short-term and long-term price search. Finally, a description and formulation of the market where the work was implemented is presented.
Keywords
demand coincidence factor, incentive-based demand response, price-based demand response, reinforcement Q-learning, replay memory exchange
Suggested Citation
Salazar EJ, Jurado M, Samper ME. Reinforcement Learning-Based Pricing and Incentive Strategy for Demand Response in Smart Grids. (2023). LAPSE:2023.3721
Author Affiliations
Salazar EJ: Doctoral Program in Electrical Engineering, Institute of Electrical Energy (IEE), National University of San Juan (UNSJ), National Scientific and Technical Research Council (CONICET), Libertador General San Martin Avenue 1109, San Juan 5400, Argentina [ORCID]
Jurado M: Doctoral Program in Electrical Engineering, Institute of Electrical Energy (IEE), National University of San Juan (UNSJ), National Scientific and Technical Research Council (CONICET), Libertador General San Martin Avenue 1109, San Juan 5400, Argentina [ORCID]
Samper ME: Doctoral Program in Electrical Engineering, Institute of Electrical Energy (IEE), National University of San Juan (UNSJ), National Scientific and Technical Research Council (CONICET), Libertador General San Martin Avenue 1109, San Juan 5400, Argentina [ORCID]
Journal Name
Energies
Volume
16
Issue
3
First Page
1466
Year
2023
Publication Date
2023-02-02
ISSN
1996-1073
Version Comments
Original Submission
Other Meta
PII: en16031466, Publication Type: Journal Article
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LAPSE:2023.3721
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https://doi.org/10.3390/en16031466
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Feb 22, 2023
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