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

B  Priya Esther; K  Sathish Kumar; G  Gokul Krishnan and S  Venkatesh

doi:10.17485/ijst/2017/v10i30/115509

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

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Indian Journal of Science and Technology

DOI: 10.17485/ijst/2017/v10i30/115509

Year: 2017, Volume: 10, Issue: 30, Pages: 1-5

Original Article

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

B. Priya Esther, K. Sathish Kumar, G. Gokul Krishnan and S. Venkatesh

SELECT, VIT University, Vellore - 632014, Tamil Nadu, India; [email protected], [email protected], [email protected], [email protected]

This work is licensed under a Creative Commons Attribution 4.0 International License.

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)