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Paper Abstract and Keywords
Presentation 2013-07-04 11:50
Smart Pricing Scheme Facilitating Scoring Rule based Incentive Payment
Shantanu Chakraborty, Takayuki Ito (Nitech) AI2013-5
Abstract (in Japanese) (See Japanese page) 
(in English) Defining appropriate pricing strategy for smart environment is important and complex at the same time. In our work, we device an incentive based smart dynamic pricing scheme for consumers facilitating a hierarchical scoring mechanism. This mechanism is applied between consumer agents (CA) to electricity provider agent (EP) and EP to Generation Company (GENCO). Based on the Continuous Ranked Probability Score (CRPS), a hierarchical scoring system is formed among these entities, CA-EP-GENCO. As CA receives the dynamic day-ahead pricing signal from EP, it will schedule the household devices to lower price period and report the prediction in a form of a probability distribution function to EP. EP, in similar way reports the aggregated demand prediction to GENCO. Finally, GENCO computes the base discount after running a cost-optimization problem. GENCO will reward EP with a fraction of discount based on their prediction accuracy. EP will do the same to CA based on how truthful they were reporting their intentions on device scheduling. The method is tested on real data provided by Ontario Power Company and we show that this scheme is capable to reduce energy consumption and consumers' payment.
Keyword (in Japanese) (See Japanese page) 
(in English) Smart Grid / Demand Response / Incentive Design / Scoring Rule / Energy Management / / /  
Reference Info. IEICE Tech. Rep., vol. 113, no. 113, AI2013-5, pp. 25-30, July 2013.
Paper # AI2013-5 
Date of Issue 2013-06-27 (AI) 
ISSN Print edition: ISSN 0913-5685    Online edition: ISSN 2432-6380
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All rights are reserved and no part of this publication may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, or any information storage and retrieval system, without permission in writing from the publisher. Notwithstanding, instructors are permitted to photocopy isolated articles for noncommercial classroom use without fee. (License No.: 10GA0019/12GB0052/13GB0056/17GB0034/18GB0034)
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Conference Information
Committee AI  
Conference Date 2013-07-04 - 2013-07-04 
Place (in Japanese) (See Japanese page) 
Place (in English)  
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Topics (in English)  
Paper Information
Registration To AI 
Conference Code 2013-07-AI 
Language English 
Title (in Japanese) (See Japanese page) 
Sub Title (in Japanese) (See Japanese page) 
Title (in English) Smart Pricing Scheme Facilitating Scoring Rule based Incentive Payment 
Sub Title (in English)  
Keyword(1) Smart Grid  
Keyword(2) Demand Response  
Keyword(3) Incentive Design  
Keyword(4) Scoring Rule  
Keyword(5) Energy Management  
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1st Author's Name Shantanu Chakraborty  
1st Author's Affiliation Nagoya Institute of Technology (Nitech)
2nd Author's Name Takayuki Ito  
2nd Author's Affiliation Nagoya Institute of Technology (Nitech)
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Speaker Author-1 
Date Time 2013-07-04 11:50:00 
Presentation Time 25 minutes 
Registration for AI 
Paper # AI2013-5 
Volume (vol) vol.113 
Number (no) no.113 
Page pp.25-30 
#Pages
Date of Issue 2013-06-27 (AI) 


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