Neural Network Based Real-Time Pricing in Demand Side Management for Future Smart Grid

2014 ◽  
Author(s):  
L. Gelazanskas ◽  
K.A.A. Gamage
Keyword(s):  
Neural Network ◽  
Smart Grid ◽  
Real Time ◽  
Demand Side Management ◽  
Demand Side ◽  
Real Time Pricing

scholarly journals Real-Time Pricing Decision Based on Leader-Follower Game in Smart Grid

2015 ◽  
Vol 3 (4) ◽  
pp. 348-356 ◽  
Author(s):  
Yeming Dai ◽  
Yan Gao
Keyword(s):  
Smart Grid ◽  
Real Time ◽  
Equilibrium Solution ◽  
Demand Function ◽  
Pricing Strategy ◽  
Demand Side ◽  
Pricing Decision ◽  
Game Situation ◽  
Simulation Results ◽  
Real Time Pricing

AbstractThe real-time pricing plays an important role in demand-side management for smart grid. In this paper, we study real-time pricing strategy of electricity retailers by means of game theory in smart grid. The retailers are in the game situation where there is one leader with multi-followers. We propose a real-time electricity demand function and analyze the interactions between the retailers, then obtain its equilibrium solution. The analysis and simulation results of the equilibrium solution show the effectiveness of the proposed method.

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