Real-Time Pricing Strategy Based on the Stability of Smart Grid for Green Internet of Things

Real-Time Pricing Strategy Based on the Stability of Smart Grid for Green Internet of Things

The ever increasing demand of energy efficiency and the strong awareness of environment have led to the enhanced interests in green Internet of things (IoTs). How to efficiently deliver power, especially, with the smart grid based on the stability of network becomes a challenge for green IoTs. There...

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Main Authors: Huwei Chen, Hui Hui, Zhou Su, Dongfeng Fang, Yilong Hui
Format: Article
Language:English
Published: Hindawi Limited 2017-01-01
Series:Mobile Information Systems
Online Access:http://dx.doi.org/10.1155/2017/5039702
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spelling doaj-4444a806c9c440348dd4d3788bffe04d2021-07-02T01:46:55ZengHindawi LimitedMobile Information Systems1574-017X1875-905X2017-01-01201710.1155/2017/50397025039702Real-Time Pricing Strategy Based on the Stability of Smart Grid for Green Internet of ThingsHuwei Chen0Hui Hui1Zhou Su2Dongfeng Fang3Yilong Hui4School of Mechatronic Engineering and Automation, Shanghai University, Shanghai 200072, ChinaSchool of Mechatronic Engineering and Automation, Shanghai University, Shanghai 200072, ChinaSchool of Mechatronic Engineering and Automation, Shanghai University, Shanghai 200072, ChinaDepartment of Electrical and Computer Engineering, University of Nebraska-Lincoln (UNL), Lincoln, NE, USASchool of Mechatronic Engineering and Automation, Shanghai University, Shanghai 200072, ChinaThe ever increasing demand of energy efficiency and the strong awareness of environment have led to the enhanced interests in green Internet of things (IoTs). How to efficiently deliver power, especially, with the smart grid based on the stability of network becomes a challenge for green IoTs. Therefore, in this paper we present a novel real-time pricing strategy based on the network stability in the green IoTs enabled smart grid. Firstly, the outage is analyzed by considering the imbalance of power supply and demand as well as the load uncertainty. Secondly, the problem of power supply with multiple-retailers is formulated as a Stackelberg game, where the optimal price can be obtained with the maximal profit for retailers and users. Thirdly, the stability of price is analyzed under the constraints. In addition, simulation results show the efficiency of the proposed strategy.http://dx.doi.org/10.1155/2017/5039702
collection DOAJ
language English
format Article
sources DOAJ
author Huwei Chen
Hui Hui
Zhou Su
Dongfeng Fang
Yilong Hui
spellingShingle Huwei Chen
Hui Hui
Zhou Su
Dongfeng Fang
Yilong Hui
Real-Time Pricing Strategy Based on the Stability of Smart Grid for Green Internet of Things
Mobile Information Systems
author_facet Huwei Chen
Hui Hui
Zhou Su
Dongfeng Fang
Yilong Hui
author_sort Huwei Chen
title Real-Time Pricing Strategy Based on the Stability of Smart Grid for Green Internet of Things
title_short Real-Time Pricing Strategy Based on the Stability of Smart Grid for Green Internet of Things
title_full Real-Time Pricing Strategy Based on the Stability of Smart Grid for Green Internet of Things
title_fullStr Real-Time Pricing Strategy Based on the Stability of Smart Grid for Green Internet of Things
title_full_unstemmed Real-Time Pricing Strategy Based on the Stability of Smart Grid for Green Internet of Things
title_sort real-time pricing strategy based on the stability of smart grid for green internet of things
publisher Hindawi Limited
series Mobile Information Systems
issn 1574-017X
1875-905X
publishDate 2017-01-01
description The ever increasing demand of energy efficiency and the strong awareness of environment have led to the enhanced interests in green Internet of things (IoTs). How to efficiently deliver power, especially, with the smart grid based on the stability of network becomes a challenge for green IoTs. Therefore, in this paper we present a novel real-time pricing strategy based on the network stability in the green IoTs enabled smart grid. Firstly, the outage is analyzed by considering the imbalance of power supply and demand as well as the load uncertainty. Secondly, the problem of power supply with multiple-retailers is formulated as a Stackelberg game, where the optimal price can be obtained with the maximal profit for retailers and users. Thirdly, the stability of price is analyzed under the constraints. In addition, simulation results show the efficiency of the proposed strategy.
url http://dx.doi.org/10.1155/2017/5039702
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AT huihui realtimepricingstrategybasedonthestabilityofsmartgridforgreeninternetofthings
AT zhousu realtimepricingstrategybasedonthestabilityofsmartgridforgreeninternetofthings
AT dongfengfang realtimepricingstrategybasedonthestabilityofsmartgridforgreeninternetofthings
AT yilonghui realtimepricingstrategybasedonthestabilityofsmartgridforgreeninternetofthings
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