real time pricing in smart grid

Real-time pricing in environments with shared energy storage

A Stackelberg game-theoretic approach to optimal real-time pricing for the smart grid. Soft Computing, 17(12), 2365–2380. Article MATH Google Scholar Mohsenian-Rad, A.-H., & Leon-Garcia, A. (2010). Optimal residential load control with price prediction in real-time electricity pricing environments.

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Real-Time Pricing Scheme in Smart Grid Considering Time …

This study proposed a real-time pricing model on a smart grid through a two-stage Stackelberg game model based on a utility function that reflects the user''s …

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Welfare maximization under real-time pricing in smart grid using …

In this paper, we consider a smart power structure, include several residential and commercial subscribers whit an energy provider. Each subscriber is equipped with an energy consumption controller (ECC) unit as part of its smart meter. There is a two-way communication among smart meters and provider. This paper tries to propose a real …

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A real-time pricing scheme considering load …

As a powerful tool of Demand Response (DR) techniques in smart grid market, Real-time Pricing (RTP) may optimize the electricity consumption pattern of users and improve the efficiency of electricity market. In this …

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Welfare maximization under real-time pricing in smart grid using …

The proposed real-time pricing algorithm manages the interactions among the subscribers and the energy provider, and finds the optimal energy consumption for each subscriber to maximize the aggregate welfare of all subscribers. In this paper, we consider a smart power structure, include several residential and commercial subscribers whit an …

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Distributed real-time pricing of smart grid considering individual ...

A smart grid system composed of one power supplier and N customers with smart meters is considered. And the real-time pricing problem of the smart grid system with one day as a cycle which is divided into K time periods is studied. Generally speaking, customers'' electricity consumption in a certain time period fluctuates within a certain ...

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Real-Time Pricing Method Based on Lyapunov for Stochastic

Real-time pricing in smart grid is an ideal power pricing mechanism, which has advantages such as peak shaving, energy saving, environmental protection, and the minimum cost of the power supply company. The rigid demand is not affected by the price, and the elastic demand is affected by the price. The elastic demand is random.

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Real‐time pricing response attack in smart grid

This paper reveals a new threat called real-time pricing response attack (RPRA), which manipulates consumers'' electricity consumption by tampering with …

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Demand Response Management via Real-Time Electricity Price …

Abstract: This paper proposes a real-time pricing scheme that reduces the peak-to-average load ratio through demand response management in smart grid …

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A real-time pricing scheme considering load uncertainty and price ...

As a powerful tool of Demand Response (DR) techniques in smart grid market, Real-time Pricing (RTP) may optimize the electricity consumption pattern of users and improve the efficiency of electricity market. In this paper, a multi-leader-follower Stackelberg Game (SG) based on RTP is established to model the strategic interaction behavior between multiple …

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Real-Time Pricing Scheme in Smart Grid Considering Time …

This study proposed a real-time pricing model on a smart grid through a two-stage Stackelberg game model based on a utility function that reflects the user''s time preference. In the first step, the suppliers determine …

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A distributed real-time pricing strategy based on reinforcement ...

A win-win real-time pricing strategy for smart grid is studied. ... Real-time pricing method for smart grids based on complementarity problem. Journal of Modern Power Systems and Clean Energy, 7 (5) (2019), pp. 1280-1293. CrossRef View in Scopus Google Scholar. Wang et al., 2014.

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A two-step smoothing Levenberg-Marquardt algorithm for real-time ...

In a smart grid, the real-time pricing (RTP) scheme is ideal for application. It is di erent from the common electricity pricing strategies, such as the traditional fixed price scheme, which is a simple cost allocation, and the ladder price scheme, which may lead to insu cient supply in the peak period and insu cient demand in the low period.

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Continuous Social Welfare Maximization Real-time Pricing …

。. Abstract: Real-time pricing is one of the most effective methods of demand-side management in smart grid. However,the current real-. time pricing ...

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Real-time pricing for smart grid considering energy …

The current researches on the real-time pricing of smart grid are divided into two aspects: one is to study the real-time pricing problem from demand-side …

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A two-step smoothing Levenberg-Marquardt algorithm for real-time ...

A two-step smoothing Levenberg-Marquardt algorithm for real-time pricing in smart grid. As is well known, the utility function is significant for solving the real-time pricing problem of smart grids. Based on a new utility function, the social welfare maximization model is considered in this paper. First, we transform the social welfare ...

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Optimal Residential Load Control With Price Prediction in Real-Time ...

Real-time electricity pricing models can potentially lead to economic and environmental advantages compared to the current common flat rates. In particular, the ... Published in: IEEE Transactions on Smart Grid ( Volume: 1, Issue: 2, September 2010) Article #: Page(s): 120 - 133. Date of Publication: 05 August 2010 . ISSN Information: ...

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Real-Time Pricing Decision Based on Leader-Follower …

The 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 …

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A Stackelberg game-theoretic approach to optimal real-time pricing …

As discussed above, real time pricing is one most important DSM strategy and with the coming era of smart grid, Stackelberg game has been adopted in the research of real time pricing problems (Bu et al. 2011; Chen et al. 2011, 2012). Bu et al. propose a decision-making scheme for electricity retailers based on Stackelberg game. They model …

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PPSO: A Privacy-Preserving Service Outsourcing Scheme for Real-Time ...

scheme addressing RTP DR in smart grid. We realize an efficient DR with fault tolerance and flexible cus-tomers'' enrollment and revocation. As far as we know, this paper is the first to address the privacy issue in the scenario of service outsourcing dealing with real-time pricing DR in smart grid.

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From Demand Response in Smart Grid Toward Integrated

The system''s rapid response time and its positive environmental impact further highlight its potential in managing smart grid resources effectively. View Show abstract

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Fairness in Real-Time Energy Pricing for Smart Grid Using …

The capabilities of the Smart Grid coupled with dynamic pricing enables the Smart Grid to adaptively manage the electricity generation and distribution. Several dynamic real-time pricing schemes have been proposed in recent times but few have been successfully implemented despite their economic and environmental benefits. In particular, the current …

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Optimal Real-Time Pricing Algorithm Based on Utility …

Considering the importance of energy pricing as an essential tool to develop efficient demand side management strategies, we propose a novel real-time pricing algorithm for …

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Real-time pricing method for smart grid based on …

Published: March 2023. Abstract. With the applications of big data, the research of real-time pricing method for smart grid has become increasingly important. Based on the demand side management and the …

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Demand Response Management via Real-Time Electricity Price …

This paper proposes a real-time pricing scheme that reduces the peak-to-average load ratio through demand response management in smart grid systems. The proposed scheme solves a two-stage optimization problem. On one hand, each user reacts to prices announced by the retailer and maximizes its payoff, which is the difference …

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(PDF) Real-time Pricing Strategy With Multi-retailers

Demand-side management (DSM) is an important mechanism for improving the reliability of the grid through changing or promoting electricity consumption in the smart grid, and real-time pricing is ...

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

The 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 ...

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Energies | Free Full-Text | Real-Time Pricing Scheme in Smart Grid ...

Unbalanced power demand across time slots causes overload in a specific time zone. Various studies have proved that this can be mitigated through smart grid and price policy, but research on time preference is insufficient. This study proposed a real-time pricing model on a smart grid through a two-stage Stackelberg game model …

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PPSO: A Privacy-Preserving Service Outsourcing Scheme for Real-Time ...

We thus propose a privacy-preserving service outsourcing scheme, called PPSO, for real-time pricing demand response in smart grid with fault tolerance and flexible customers'' enrollment and revocation. In our proposed PPSO, power utility can outsource the dynamic pricing prediction to a service provider, while still preserving customers'' …

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Frequency Regulation in Smart Grids Using Electric Vehicles

The real-time pricing is considered corresponding to the load division introduced as peak, off-peak, and mid-peak load. An algorithm is devised that incorporates load levelling and charging/discharging costs of Electric Vehicles (EVs). It gives an account of the number of EVs coming for charging/discharging at the Smart Grid (SG) for each …

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Real-time pricing scheme based on Stackelberg game in smart grid …

Real-time pricing is the key component of demand response that encourages power utilization in an efficient and economical way. In this paper, we study the real-time pricing scheme in smart grid with multiple retailers and multiple residential users using Stackelberg game.

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The real-time pricing optimization model of smart grid based on …

The utility function is very significant for solving the real-time pricing problem of smart grid. Based on the Logistic function, a new utility function is constructed to satisfy four properties of the utility function. In addition, from the perspective of social welfare, the real-time pricing optimization model of smart grid is established.

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Real-time pricing for smart grid with multi-energy microgrids and ...

The real-time pricing (RTP) mechanism based on demand response (DR) is an ideal method for DSM, which can achieve supply–demand balance and maximize …

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Real-time pricing for smart grid considering energy …

The current researches on the real-time pricing of smart grid are divided into two aspects: one is to study the real-time pricing problem from demand-side management using the game approach to make the electricity price more reasonable through static or dynamic game [8], [9]; the other is to pursue the pricing approach to …

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Fairness in Real-Time Energy Pricing for Smart Grid

Traditional pricing schemes failed to incorporate fairness for end-users because real-time data gathering was expensive and impractical before smart devices were incorporated into the grid. In ...

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A real-time pricing algorithm based on utility classification in a ...

A real - time pricing algorithm based on utility. classification in a smart grid. YUAN Guanxiu, GAO Yan, WANG Hongjie. (1. Business School, University of Shanghai for Science and Technology ...

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Fairness in Real-Time Energy Pricing for Smart Grid Using …

Traditional pricing schemes failed to incorporate fairness for end-users because real-time data gathering was expensive and impractical before smart devices were incorporated …

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Real-time pricing response attack in smart grid

Among diversified DR programs, real-time pricing (RTP) relays the real-time wholesale electricity price to end-users and reflects the current market conditions. Thus, these programs can effectively reduce …

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Distributed real-time pricing of smart grid considering individual ...

The smart grid system enables information exchange between the power supplier and customers through smart meters, i.e., customers can get real-time information on …

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Real-time pricing for smart grid with distributed energy and …

The real-time pricing (RTP) is an ideal method for smart grid to balance real-time demand and shift peak-hour load. In this paper, we focus on the smart grid with integration of DE and storage devices and formulate …

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