1 research outputs found
Mechanism Design Approach for Energy Efficiency
In this work we deploy a mechanism design approach for allocating a divisible
commodity (electricity in our example) among consumers. We consider each
consumer with an associated personal valuation function of the energy resource
during a certain time interval. We aim to select the optimal consumption
profile for every user avoiding consumption peaks when the total required
energy could exceed the energy production. The mechanism will be able to drive
users in shifting energy consumptions in different hours of the day. We start
by presenting a very basic Vickrey-Clarke-Groves mechanism, we discuss its
weakness and propose several more complex variants.Comment: Techical repor