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Abstract With the increasing integration of Distributed Energy Resources (DER) in the power grid, a decentralized approach becomes essential for scheduling and allocation of resources in a smart grid. Economic Dispatch (ED) and Unit Commitment (UC) are the two major resource allocation problems that play critical role in the safe and stable operation of a grid system. The uncertainty associated with renewable energy sources have made the resource allocation problems even more challenging for grid operators. The future grid will have a higher generation mix of renewable energy sources and a large load of Electrical vehicles, with the possibility of bi-directional power flow. This complex smart grid system necessitates the development of a decentralized approach to resource allocation problem, which allows inter-node communication and decision making. Multi-agent systems (MAS) is a promising platform to decentralize the traditional centralized resource allocation aspects of smart grid. This paper presents a comprehensive literature review on the application of MAS to Economic Dispatch (ED) and Unit Commitment (UC) in smart grids.
Nair et al. (Sun,) studied this question.