A Game Theoretic Software Framework for Optimizing Demand Response

Demand response (DR) is a crucial and necessary aspect of the smart grid, particularly when considering the optimization of both, power consumption and generation. While many benefits of DR are currently under study, an issue of particular concern is optimizing end-users' power consumption profiles at various levels. This study proposes a fundamental, game theoretic software framework for DR simulation that is capable of investigating the effect of optimizing multiple electric appliances by utilizing game theoretic algorithms. Initial results show that by shifting the switch-on time of three household appliances provides a savings of up to 6%.