By Topic

A game-theoretical decision-making scheme for electricity retailers in the smart grid with demand-side management

Sign In

Cookies must be enabled to login.After enabling cookies , please use refresh or reload or ctrl+f5 on the browser for the login options.

Formats Non-Member Member
$31 $13
Learn how you can qualify for the best price for this item!
Become an IEEE Member or Subscribe to
IEEE Xplore for exclusive pricing!
close button

puzzle piece

IEEE membership options for an individual and IEEE Xplore subscriptions for an organization offer the most affordable access to essential journal articles, conference papers, standards, eBooks, and eLearning courses.

Learn more about:

IEEE membership

IEEE Xplore subscriptions

3 Author(s)
Shengrong Bu ; Dept. of Syst. & Comput. Eng., Carleton Univ., Ottawa, ON, Canada ; Yu, F.R. ; Liu, P.X.

In the smart grid, demand-side management (DSM) is an important mechanism for improving the reliability of the grid by dynamically changing or shifting electricity consumption. Real-time pricing is one of the most important DSM strategies. Moreover, in an electricity market, retailers procure electricity from various electricity sources, and then sell it to customers. Therefore, it is critical for retailers to make effective procurement and price decisions. In this paper, we propose a novel game-theoretical decision-making scheme for electricity retailers in the smart grid using real-time pricing DSM. We model and analyze the interactions between the retailer and electricity customers as a four-stage Stackelberg game. Simulation results show the effectiveness of the proposed scheme and how the system parameters affect the procurement and price decisions.

Published in:

Smart Grid Communications (SmartGridComm), 2011 IEEE International Conference on

Date of Conference:

17-20 Oct. 2011