Real-Time Pricing for Demand Response in Smart Grid Based on Alternating Direction Method of Multipliers

The real-time pricing (RTP) scheme is an ideal method to adjust the power balance between supply and demand in smart grid systems. This scheme has a profound impact on users’ behavior, system operation, and overall grid management in the electricity industry. In this research, we conduct an extended...

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Veröffentlicht in:	Mathematical problems in engineering 2018-01, Vol.2018 (2018), p.1-10
Hauptverfasser:	Zhu, Hongbo, Hou, Yong, Gao, Yan
Format:	Artikel
Sprache:	eng
Schlagworte:	Algorithms Alternative energy sources Computer simulation Computing time Convergence Convex analysis Demand side management Electric industries Electric power Electric vehicles Electricity Electricity distribution Energy industry Energy management Engineering Iterative methods Mathematical models Mathematical problems Multipliers Optimization Real time Researchers Smart grid Smart grid technology Supply & demand Time of use electricity pricing Utility functions
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