Optimized Day-Ahead Pricing for Smart Grids with Device-Specific Scheduling Flexibility

@article{JoeWong2012OptimizedDP,
  title={Optimized Day-Ahead Pricing for Smart Grids with Device-Specific Scheduling Flexibility},
  author={Carlee Joe-Wong and Soumya Sen and Sangtae Ha and Mung Chiang},
  journal={IEEE Journal on Selected Areas in Communications},
  year={2012},
  volume={30},
  pages={1075-1085}
}
Smart grids are capable of two-way communication between individual user devices and the electricity provider, enabling providers to create a control-feedback loop using time-dependent pricing. By charging users more in peak and less in off-peak hours, the provider can induce users to shift their consumption to off-peak periods, thus relieving stress on the… CONTINUE READING

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