Demand side management in the smart grid: An efficiency and fairness tradeoff

Abstract

We compare two Demand Side Management (DSM) mechanisms, introduced respectively by Mohsenian-Rad et al (2010) and Baharlouei et al (2012), in terms of efficiency and fairness. Each mechanism defines a game where the consumers optimize their flexible consumption to reduce their electricity bills. Mohsenian-Rad et al propose a daily mechanism for which they… (More)
DOI: 10.1109/ISGTEurope.2017.8260265

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