Market-Based Coordination of Thermostatically Controlled Loads—Part I: A Mechanism Design Formulation

@article{Li2016MarketBasedCO,
  title={Market-Based Coordination of Thermostatically Controlled Loads—Part I: A Mechanism Design Formulation},
  author={Sen Li and Wei Zhang and Jianming Lian and Karanjit Kalsi},
  journal={IEEE Transactions on Power Systems},
  year={2016},
  volume={31},
  pages={1170-1178}
}
This paper focuses on the coordination of a population of thermostatically controlled loads (TCLs) with unknown parameters to achieve group objectives. The problem involves designing the device bidding and market clearing strategies to motivate self-interested users to realize efficient energy allocation subject to a peak energy constraint. This coordination problem is formulated as a mechanism design problem, and we propose a mechanism to implement the social choice function in dominant… CONTINUE READING
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Analysis of Residential Demand Response and double-auction markets

2011 IEEE Power and Energy Society General Meeting • 2011
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