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

• Published in: IEEE transactions on power systems Vol. 31; no. 2; pp. 1170 - 1178
• Main Authors: Sen Li, Wei Zhang, Jianming Lian, Kalsi, Karanjit
• Format: Journal Article
• Language: English
• Published: New York IEEE 01.03.2016; The Institute of Electrical and Electronics Engineers, Inc. (IEEE)
• Subjects: Allocations; Atmospheric modeling; Clearing; Demand Response; Design engineering; Economic models; Energy consumption; ENERGY PLANNING, POLICY, AND ECONOMY; Incentives; Load modeling; market-based coordination; Markets; Mathematical analysis; Mathematical models; Mechanism Design; Optimization; Power system dynamics; Pricing; Resource management; Strategy; Temperature measurement; thermostatically controlled loads

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 alloc...