Work

Enhancing Distributed Energy Markets in Smart Grids Through Game Theory and Reinforcement Learning

Year: 2024

Type: article

Abstract: The rapid growth of distributed energy resources (DERs) in smart grids has necessitated innovative strategies to manage and optimize energy markets. This paper introduces an architectural framework that leverages game theory and reinforcement learning (RL) as foundational methodologies to enhance the efficiency and robustness of distributed energy markets. Through simulations and case studies, we demonstrate how these approaches can facilitate improved decision-making among market participants, leading to better energy distribution and consumption. This exploratory approach is intended to lay the groundwork for more complex implementations that account for physical and regulatory constraints. Our preliminary results indicate a 25% reduction in energy costs and a 30% improvement in energy distribution efficiency compared to traditional methods.

Source: Energies

DOI: 10.3390/en17225765

Authors: Ameni Boumaiza, Kenza Maher

Institution: Hamad bin Khalifa University

Language: English

Topic: Smart Grid Energy Management

Subfield: Electrical and Electronic Engineering

Field: Engineering

Domain: Physical Sciences

SDGs: Affordable and clean energy, Industry, innovation and infrastructure

Open Access status: gold

Estimated APC paid: $2,955