Demand-side response of smart clients under real-time pricing

Electric power market will transform to the free market based on real-time pricing and the traditional clients will change to smart clients with the development of Smart Grid. A smart client model which includes general loads, energy storage devices, electric vehicles and distributed generations is developed in this paper to study the demand-side response under real-time pricing. MS_VND algorithm is used to search the optimal strategies. Computational tests on the real data show that the proposed model is reasonable and MS_VND algorithm is both efficient and effective.