Bayesian Game Model: Demand Side Management for Residential Consumers with Electric Vehicles

This paper proposes the game theory enabled approach for the integration of electric vehicles for demand side management (DSM). Demand side management is very complex with conventional approaches. In order to the efficient mechanism of a game theory enabled approach may resolve the complexity. With the increased penetration level of electric vehicles it will be difficult to control grid-to-vehicle integration. The Bayesian game theory provides the solution of such problems in an organized manner. In the presence of distributed energy resources, Electric vehicles will play an important role to stabilize the grid integration. Electric Vehicles consume power during off-peak load period and inject power to grid during peak load period to minimize peak to average ratio (PAR).