Use of prediction based meter reputation factors in power systems

Thomas, Lee J. ORCID: https://orcid.org/0000-0002-4602-5102, Canet, Alexandre ORCID: https://orcid.org/0000-0001-9012-2439 and Abeysinghe Herath Mudiyanselage, Sathsara Madumali 2019. Use of prediction based meter reputation factors in power systems. Presented at: PES Innovative Smart Grid Technologies Europe (ISGT-Europe), Bucharest, Romania, 29 Sep - 2 Oct 2019. PES Innovative Smart Grid Technologies Europe (ISGT-Europe). IEEE, 10.1109/ISGTEurope.2019.8905750

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Abstract

Reputation systems provide a protocol for participants to interact based on their past performance. The concept of a prediction based meter reputation factor is introduced as a number between 0.1 and 1 that is assigned to every meter and that varies based on the accuracy of a meter's predictions. A system architecture is presented that allows the instantiation of rules for economic interaction between metered participants in a power system using reputation factors. This will create a system in which individuals are incentivised to provide accurate predictions, giving planners more reliable information. It also provides a basis for the allocation of rewards for flexibility and penalties for inflexibility. Two algorithms to allocate meter reputation factors are presented and assessed using a defined performance index and metering information from the OpenLV project. It is demonstrated that the performance of the meter reputation algorithms can be moderated according to system requirements. It is concluded that instantiation of the algorithms in such a way that makes persecution of individuals impossible is crucial.

Item Type:	Conference or Workshop Item (Paper)
Date Type:	Publication
Status:	Published
Schools:	Engineering
Publisher:	IEEE
ISBN:	9781538682197
Date of First Compliant Deposit:	4 February 2020
Last Modified:	19 May 2023 01:48
URI:	https://orca.cardiff.ac.uk/id/eprint/127590

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