Distributed Energy Consumption Control via Real-Time Pricing Feedback in Smart Grid

@article{Ma2014DistributedEC,
  title={Distributed Energy Consumption Control via Real-Time Pricing Feedback in Smart Grid},
  author={Kai Ma and Guoqiang Hu and Costas J. Spanos},
  journal={IEEE Transactions on Control Systems Technology},
  year={2014},
  volume={22},
  pages={1907-1914}
}
This brief proposes a pricing-based energy control strategy to remove the peak load for smart grid. According to the price, energy consumers control their energy consumption to make a tradeoff between the electricity cost and the load curtailment cost. The consumers are interactive with each other because of pricing based on the total load. We formulate the interactions among the consumers into a noncooperative game and give a sufficient condition to ensure a unique equilibrium in the game. We… CONTINUE READING
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