An optimal real-time pricing for demand-side management: A Stackelberg game and genetic algorithm approach

• Published in: 2014 International Joint Conference on Neural Networks (IJCNN) pp. 1703 - 1710
• Main Authors: Fan-Lin Meng, Xiao-Jun Zeng
• Format: Conference Proceeding
• Language: English
• Published: IEEE 01.07.2014
• Subjects: Electricity; Energy consumption; Games; Home appliances; Optimization; Pricing; Real-time systems

This paper proposes a real-time pricing scheme for demand response management in the context of smart grids. The electricity retailer determines the retail price first and announces the price information to the customers through the smart meter systems. According to the announced price, the customer...