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Fair Allocation of Energy and Power using Shapley Value to Reduce Deficit in Regions of Indian Grid

Affiliations

  • SELECT, VIT University, Vellore - 632014, Tamil Nadu, India

Abstract


Objectives: The paper aims at reducing the power and energy deficit in various regions of India. Methods: A game theory based mathematical model performs the allocation called Shapley value, which does the fair allocation of power and energy in order to reduce the maximum deficit in a particular region. Findings: The simulation results confirm the distribution is fair enough in reducing the overall deficit percentage in all regions. Applications: The work can be integrated with the grid and further extensions to the next level are possible.

Keywords

Central Electricity Authority (CEA), Deficit, Energy, Game Theory, Power, Shapley Value (SV)

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References


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