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Authors: Tarek AlSkaif 1 ; Manel Guerrero Zapata 2 and Boris Bellalta 3

Affiliations: 1 Universitat Politecnica de Catalunya (UPC), Spain ; 2 Universitat Politècnica de Catalunya (UPC), Spain ; 3 Universitat Pompeu Fabra (UPF), Spain

Keyword(s): Smart Cities, Smart Grids, Renewable Energy, Game Theory.

Related Ontology Subjects/Areas/Topics: Economic Models of Energy Efficiency ; Energy and Economy ; Energy-Aware Systems and Technologies ; Greener Systems Planning and Design ; Optimization Techniques for Efficient Energy Consumption ; Smart Cities ; User-Centred and Participatory Design of Services and Systems for Smart Cities

Abstract: Generating the power necessary to run our future cities is one of the major concerns for scientists and policy makers alike. The increasing global energy demands with simultaneously decreasing fossil energy sources will drastically affect future energy prices. Strategies are already being implemented to develop solutions for the generation and efficient usage of energy at different levels. Involving citizens in the efficient planning and usage of power is a key. In this paper, we propose a game theory based power sharing mechanism between end-users in smart grids. We consider that citizens can produce some amount of electric power obtained from on-site renewable sources rather than just purchasing their whole demands from the grid. Simulation results show that consumers can achieve considerable cost savings if they adopt the proposed scheme. It is also noticed that the more the consumers cooperate, the higher the percentage of cost savings is.

CC BY-NC-ND 4.0

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Paper citation in several formats:
AlSkaif, T., Guerrero Zapata, M. and Bellalta, B. (2015). Citizens Collaboration to Minimize Power Costs in Smart Grids - A Game Theoretic Approach. In Proceedings of the 4th International Conference on Smart Cities and Green ICT Systems - SMARTGREENS; ISBN 978-989-758-105-2; ISSN 2184-4968, SciTePress, pages 300-305. DOI: 10.5220/0005490103000305

@conference{smartgreens15,
author={Tarek AlSkaif and Manel {Guerrero Zapata} and Boris Bellalta},
title={Citizens Collaboration to Minimize Power Costs in Smart Grids - A Game Theoretic Approach},
booktitle={Proceedings of the 4th International Conference on Smart Cities and Green ICT Systems - SMARTGREENS},
year={2015},
pages={300-305},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0005490103000305},
isbn={978-989-758-105-2},
issn={2184-4968},
}

TY - CONF

JO - Proceedings of the 4th International Conference on Smart Cities and Green ICT Systems - SMARTGREENS
TI - Citizens Collaboration to Minimize Power Costs in Smart Grids - A Game Theoretic Approach
SN - 978-989-758-105-2
IS - 2184-4968
AU - AlSkaif, T.
AU - Guerrero Zapata, M.
AU - Bellalta, B.
PY - 2015
SP - 300
EP - 305
DO - 10.5220/0005490103000305
PB - SciTePress

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