| Presentation | 2013-07-04 Smart Pricing Scheme Facilitating Scoring Rule based Incentive Payment Shantanu CHAKRABORTY, Takayuki ITO, |
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| PDF Download Page |  PDF download Page Link |
| Abstract(in Japanese) | (See Japanese page) |
| Abstract(in English) | Defining appropriate pricing strategy for smart environment is important and complex at the same time. In our work, we device an incentive based smart dynamic pricing scheme for consumers facilitating a hierarchical scoring mechanism. This mechanism is applied between consumer agents (CA) to electricity provider agent (EP) and EP to Generation Company (GENCO). Based on the Continuous Ranked Probability Score (CRPS), a hierarchical scoring system is formed among these entities, CA-EP-GENCO. As CA receives the dynamic day-ahead pricing signal from EP, it will schedule the household devices to lower price period and report the prediction in a form of a probability distribution function to EP. EP, in similar way reports the aggregated demand prediction to GENCO. Finally, GENCO computes the base discount after running a cost-optimization problem. GENCO will reward EP with a fraction of discount based on their prediction accuracy. EP will do the same to CA based on how truthful they were reporting their intentions on device scheduling. The method is tested on real data provided by Ontario Power Company and we show that this scheme is capable to reduce energy consumption and consumers' payment. |
| Keyword(in Japanese) | (See Japanese page) |
| Keyword(in English) | Smart Grid / Demand Response / Incentive Design / Scoring Rule / Energy Management |
| Paper # | AI2013-5 |
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| Conference Information | |
| Committee | AI |
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| Conference Date | 2013/6/27(1days) |
| Place (in Japanese) | (See Japanese page) |
| Place (in English) | |
| Topics (in Japanese) | (See Japanese page) |
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| Paper Information | |
| Registration To | Artificial Intelligence and Knowledge-Based Processing (AI) |
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| Language | ENG |
| Title (in Japanese) | (See Japanese page) |
| Sub Title (in Japanese) | (See Japanese page) |
| Title (in English) | Smart Pricing Scheme Facilitating Scoring Rule based Incentive Payment |
| Sub Title (in English) | |
| Keyword(1) | Smart Grid |
| Keyword(2) | Demand Response |
| Keyword(3) | Incentive Design |
| Keyword(4) | Scoring Rule |
| Keyword(5) | Energy Management |
| 1st Author's Name | Shantanu CHAKRABORTY |
| 1st Author's Affiliation | Nagoya Insitute of Technology() |
| 2nd Author's Name | Takayuki ITO |
| 2nd Author's Affiliation | Nagoya Insitute of Technology |
| Date | 2013-07-04 |
| Paper # | AI2013-5 |
| Volume (vol) | vol.113 |
| Number (no) | 113 |
| Page | pp.pp.- |
| #Pages | 6 |
| Date of Issue | |