scholarly journals Research on Real-time Pricing Strategy of Smart Grid Based on Behavioral Economics

2019 ◽  
Vol 295 ◽  
pp. 042121
Author(s):  
Leping Yan ◽  
Yan Li ◽  
Tianqi Xu ◽  
Shouda Wang ◽  
Xin Zhang
Keyword(s):  
Smart Grid ◽  
Behavioral Economics ◽  
Real Time ◽  
Pricing Strategy ◽  
Real Time Pricing ◽  
Grid Based

scholarly journals Real-Time Pricing Strategy Based on the Stability of Smart Grid for Green Internet of Things

2017 ◽  
Vol 2017 ◽  
pp. 1-11 ◽  
Author(s):  
Huwei Chen ◽  
Hui Hui ◽  
Zhou Su ◽  
Dongfeng Fang ◽  
Yilong Hui
Keyword(s):  
Internet Of Things ◽  
Smart Grid ◽  
Real Time ◽  
Power Supply ◽  
Stackelberg Game ◽  
Supply And Demand ◽  
Pricing Strategy ◽  
Maximal Profit ◽  
Real Time Pricing ◽  
The Stability

The ever increasing demand of energy efficiency and the strong awareness of environment have led to the enhanced interests in green Internet of things (IoTs). How to efficiently deliver power, especially, with the smart grid based on the stability of network becomes a challenge for green IoTs. Therefore, in this paper we present a novel real-time pricing strategy based on the network stability in the green IoTs enabled smart grid. Firstly, the outage is analyzed by considering the imbalance of power supply and demand as well as the load uncertainty. Secondly, the problem of power supply with multiple-retailers is formulated as a Stackelberg game, where the optimal price can be obtained with the maximal profit for retailers and users. Thirdly, the stability of price is analyzed under the constraints. In addition, simulation results show the efficiency of the proposed strategy.

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.

Real-time pricing scheme based on Stackelberg game in smart grid with multiple power retailers

2017 ◽  
Vol 260 ◽  
pp. 149-156 ◽  
Author(s):  
Yeming Dai ◽  
Yan Gao ◽  
Hongwei Gao ◽  
Hongbo Zhu
Keyword(s):  
Smart Grid ◽  
Real Time ◽  
Stackelberg Game ◽  
Pricing Scheme ◽  
Multiple Power ◽  
Real Time Pricing
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