Cooperative games among consumers in the smart grid

Existing studies are to a great extent focus on energy saving mechanisms of individual customers, independently, from other energy consumers. This paper considers an agent-based cooperative model among consumers in the smart grid. The agents in our model act on behalf of residential consumers through techniques such as domestic energy controllers or the smart meters, which are available for end-users in the smart grid. solution concept is proposed based on cooperative games. In this paper, we discuss the performance of the agents' payoff under the concept of coalition formation. Our proposed approach is intended as a decentralized method where coalition formation is achieved through self-organization.