Constrained Thompson Sampling for Real-Time Electricity Pricing with Grid Reliability Constraints

17 Jun 2020  ·  Tucker Nathaniel, Moradipari Ahmadreza, Alizadeh Mahnoosh ·

We consider the problem of an aggregator attempting to learn customers' load flexibility models while implementing a load shaping program by means of broadcasting daily dispatch signals. We adopt a multi-armed bandit formulation to account for the stochastic and unknown nature of customers' responses to dispatch signals... We propose a constrained Thompson sampling heuristic, Con-TS-RTP, that accounts for various possible aggregator objectives (e.g., to reduce demand at peak hours, integrate more intermittent renewable generation, track a desired daily load profile, etc) and takes into account the operational constraints of a distribution system to avoid potential grid failures as a result of uncertainty in the customers' response. We provide a discussion on the regret bounds for our algorithm as well as a discussion on the operational reliability of the distribution system's constraints being upheld throughout the learning process. read more

PDF Abstract
No code implementations yet. Submit your code now



  Add Datasets introduced or used in this paper

Results from the Paper

  Submit results from this paper to get state-of-the-art GitHub badges and help the community compare results to other papers.


No methods listed for this paper. Add relevant methods here