Abstract
Rising energy demand and the disproportionate utilization of fossil fuels not only result in power imbalance and economic drain but also raise environmental concerns. Under these challenging circumstances, microgrids provide a tactical solution by adopting distributed energy resources at user end. However, this solution is not effective without enough participation by these end users (prosumers) for sustainable energy growth in microgrids. This paper presents a behavioral control theory and various psychological motivational models to improve prosumers' participation up to the desired level. A framework for peers' management within a community is also presented. The coalition-based game theory is employed for fair and trustworthy inter-trading which lead to the formation of grand coalition by satisfying all the defined motivational models. Various trading systems i.e. feed in tariff system, peer-to-peer trading with and without storage systems, and demand-side management-based peer-to-peer trading systems are used for energy inter-trading with minimum involvement with the grid. Finally, the proposed system is validated through simulations of various game theoretic-based peer-to-peer trading systems. Simulation results show a considerable reduction in average expenses for energy demand and carbon emissions with improved earnings for peers.
Highlights
Carbon emissions caused by disproportionate utilization of cost-inefficient fossil fuels have become a global concern
In the European Union (EU), buildings are responsible for 40% of carbon emissions, which can be reduced by using efficient home energy management system (HEMS) [2]
Behavior control theory is used for peers’ behavior control, attractive motivational models are introduced, four coalition based-game-theoretic P2P trading systems are used for comparative study, prosumer centric approach, demand-side management (DSM) programs are used for load rescheduling, improve trust among peers for community formation, coalition-based game theory is used
Summary
Carbon emissions caused by disproportionate utilization of cost-inefficient fossil fuels have become a global concern. In [24], the authors have used a game theoretic-based approach for peers’ energy trading without any storage systems and load management They have used motivational psychology to improve users’ participation, more attractive motivational models have been introduced by us to improve desired results by using norm activation theory (NAT) for a peers’ behavior control. Motivational psychology is used to improve peers’ participation, two trading systems are used for comparative analysis, prosumer centric approach, DSM programs are not used, improve trust among peers, game theory is used. Behavior control theory is used for peers’ behavior control, attractive motivational models are introduced, four coalition based-game-theoretic P2P trading systems are used for comparative study, prosumer centric approach, DSM programs are used for load rescheduling, improve trust among peers for community formation, coalition-based game theory is used.
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