NDLI: An innovative RTP-based residential power scheduling scheme for smart grids

Content Provider	IEEE Xplore Digital Library
Author	Chen Chen Kishore, S. Snyder, L.V.
Copyright Year	2011
Description	Author affiliation: Department of Industrial and Systems Engineering, Lehigh University, Bethlehem, PA 18015, USA (Snyder, L.V.) \|\| Department of Electrical and Computer Engineering, Lehigh University, Bethlehem, PA 18015, USA (Chen Chen; Kishore, S.)
Abstract	This paper proposes a Real-Time Pricing (RTP)-based power scheduling scheme as demand response for residential power usage. In this scheme, the Energy Management Controller (EMC) in each home and the service provider form a Stackelberg game, in which the EMC who schedules appliances' operation plays the follower level game, and the provider who sets the real-time prices according to current power usage profile plays the leader level game. The sequential equilibrium is obtained through the information exchange between them. Simulation results indicate that our scheme can not only save money for consumers, but also reduce peak load and the variance between demand and supply, while avoiding the “rebound” peak problem.
Starting Page	5956
Ending Page	5959
File Size	280672
Page Count	4
File Format	PDF
ISBN	9781457705380
ISSN	15206149
e-ISBN	9781457705397
e-ISBN	9781457705373
DOI	10.1109/ICASSP.2011.5947718
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2011-05-22
Publisher Place	Czech Republic
Access Restriction	Subscribed
Rights Holder	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subject Keyword	Electromagnetic compatibility Home appliances Games Real time systems Pricing Electricity Schedules Stackelberg game Smart grids Demand response Real-time price Day-ahead price
Content Type	Text
Resource Type	Article

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