Paper Reading AI Learner

Energy Pricing in P2P Energy Systems Using Reinforcement Learning

2022-10-24 19:21:10
Nicolas Avila, Shahad Hardan, Elnura Zhalieva, Moayad Aloqaily, Mohsen Guizani

Abstract

The increase in renewable energy on the consumer side gives place to new dynamics in the energy grids. Participants in a microgrid can produce energy and trade it with their peers (peer-to-peer) with the permission of the energy provider. In such a scenario, the stochastic nature of distributed renewable energy generators and energy consumption increases the complexity of defining fair prices for buying and selling energy. In this study, we introduce a reinforcement learning framework to help solve this issue by training an agent to set the prices that maximize the profit of all components in the microgrid, aiming to facilitate the implementation of P2P grids in real-life scenarios. The microgrid considers consumers, prosumers, the service provider, and a community battery. Experimental results on the \textit{Pymgrid} dataset show a successful approach to price optimization for all components in the microgrid. The proposed framework ensures flexibility to account for the interest of these components, as well as the ratio of consumers and prosumers in the microgrid. The results also examine the effect of changing the capacity of the community battery on the profit of the system. The implementation code is available \href{this https URL}{here}.

Abstract (translated)

URL

https://arxiv.org/abs/2210.13555

PDF

https://arxiv.org/pdf/2210.13555.pdf


Tags
3D Action Action_Localization Action_Recognition Activity Adversarial Agent Attention Autonomous Bert Boundary_Detection Caption Chat Classification CNN Compressive_Sensing Contour Contrastive_Learning Deep_Learning Denoising Detection Dialog Diffusion Drone Dynamic_Memory_Network Edge_Detection Embedding Embodied Emotion Enhancement Face Face_Detection Face_Recognition Facial_Landmark Few-Shot Gait_Recognition GAN Gaze_Estimation Gesture Gradient_Descent Handwriting Human_Parsing Image_Caption Image_Classification Image_Compression Image_Enhancement Image_Generation Image_Matting Image_Retrieval Inference Inpainting Intelligent_Chip Knowledge Knowledge_Graph Language_Model Matching Medical Memory_Networks Multi_Modal Multi_Task NAS NMT Object_Detection Object_Tracking OCR Ontology Optical_Character Optical_Flow Optimization Person_Re-identification Point_Cloud Portrait_Generation Pose Pose_Estimation Prediction QA Quantitative Quantitative_Finance Quantization Re-identification Recognition Recommendation Reconstruction Regularization Reinforcement_Learning Relation Relation_Extraction Represenation Represenation_Learning Restoration Review RNN Salient Scene_Classification Scene_Generation Scene_Parsing Scene_Text Segmentation Self-Supervised Semantic_Instance_Segmentation Semantic_Segmentation Semi_Global Semi_Supervised Sence_graph Sentiment Sentiment_Classification Sketch SLAM Sparse Speech Speech_Recognition Style_Transfer Summarization Super_Resolution Surveillance Survey Text_Classification Text_Generation Tracking Transfer_Learning Transformer Unsupervised Video_Caption Video_Classification Video_Indexing Video_Prediction Video_Retrieval Visual_Relation VQA Weakly_Supervised Zero-Shot