A non-cooperative game theory based energy trading strategy of multi-microgrids

Reinforcement Learning-based Energy Trading for Microgrids

With the time-varying renewable energy generation and power demand, microgrids (MGs) exchange energy in smart grids to reduce their dependence on power plants. In this paper, we formulate an MG energy trading game, in which each MG trades energy according to the predicted renewable energy generation and local energy demand, the current battery level, and the energy trading history. The Nash equ...

Transmission cost allocation based on cooperative game theory

Energy Trading and Pricing in Microgrids with Uncertain Energy Supply: A Three-Stage Hierarchical Game Approach

This paper studies an energy trading and pricing problem for microgrids with uncertain energy supply. The energy provider with the renewable energy (RE) generation (wind power) determines the energy purchase from the electricity markets and the pricing strategy for consumers to maximize its profit, and then the consumers determine their energy demands to maximize their payoffs. The hierarchical...

1 Non - Cooperative Game Theory

This is the first draft of the entry “Game Theory” to appear in the Sage Handbook of the Philosophy of Social Science (edited by Ian Jarvie & Jesús Zamora Bonilla), Part III, Chapter 16.

Non-Cooperative Quantum Game Theory

The physical world obeys the rules of quantum, as opposed to classical, physics. Since the playing of any particular game requires physical resources, the question arises as to how Game Theory itself would change if it were extended into the quantum domain. Here we provide a general formalism for quantum games, and illustrate the explicit application of this new formalism to a quantized version...