Real-Time Pricing Decision Making for Retailer-Wholesaler in Smart Grid Based on Game Theory

Real-time pricing DSM (demand side management) is widely used to dynamically change or shift the electricity consumption in the smart grid. In this paper, a game decision making scheme is proposed in the smart grid with DSM. The interaction between two retailers and their wholesaler is modeled as a...

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Bibliographic Details
Main Authors: Yeming Dai, Yan Gao
Format: Article
Language:English
Published: Hindawi Limited 2014-01-01
Series:Abstract and Applied Analysis
Online Access:http://dx.doi.org/10.1155/2014/708584