arXiv · 2303.07879
Fair Energy Allocation in Risk-aware Energy Communities
Abstract
This work introduces a decentralized mechanism for the fair and efficient allocation of limited renewable energy sources among consumers in an energy community. In the proposed non-cooperative game, the self-interested community members independently decide whether to compete or not for access to RESs during peak hours and shift their loads analogously. In the peak hours, a proportional allocation (PA) policy is used to allocate the limited RESs among the competitors. The existence of a Nash equilibrium (NE) or dominant strategies in this non-cooperative game is shown, and closed-form expressions of the renewable energy demand and social cost are derived. Moreover, a decentralized algorithm for choosing consumers' strategies that lie on NE states is designed. The work shows that the risk attitude of the consumers can have a significant impact on the deviation of the induced social cost from the optimal. Besides, the proposed decentralized mechanism with the PA policy is shown to attain a much lower social cost than one using the naive equal sharing policy.
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Eleni Stai, Lesia Mitridati, Ioannis Stavrakakis, Evangelia Kokolaki, Petros Tatoulis, Gabriela Hug. 2023-05-22. Fair Energy Allocation in Risk-aware Energy Communities. https://arxiv.org/abs/2303.07879
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