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2013•Unpublished venueRequires access

Demand response design based on a Stackelberg game in smart grid

Sung‐Guk Yoon, Young‐June Choi, Jong–Keun Park, Saewoong Bahk

Open publisher page 2 citations

Abstract

The future power grid will incorporate the information and communications technology (ICT), that is, smart grid. With help of a two-way communication infrastructure, a real-time demand response can be applied. A smart grid network consisting of one retailer and many customers is considered. The retailer broadcasts the electricity price information. Then, the customers consume electricity to maximize their payoffs. This paper designs a Stackelberg game and derives the solution of the game, i.e., a Stackelberg equilibrium.

About this research paper

What this paper is about

The future power grid will incorporate the information and communications technology (ICT), that is, smart grid. With help of a two-way communication infrastructure, a real-time demand response can be applied. A smart grid network consisting of one retailer and many customers is considered. The retailer broadcasts the electricity price information. Then, the customers consume electricity to maximize their payoffs. This paper designs a Stackelberg game and derives the solution of the game, i.e., a Stackelberg equilibrium.

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OpenAlex reports 2 citations for this work. Citation counts describe recorded attention and do not establish research quality.

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Available abstract

The future power grid will incorporate the information and communications technology (ICT), that is, smart grid. With help of a two-way communication infrastructure, a real-time demand response can be applied. A smart grid network consisting of one retailer and many customers is considered. The retailer broadcasts the electricity price information. Then, the customers consume electricity to maximize their payoffs. This paper designs a Stackelberg game and derives the solution of the game, i.e., a Stackelberg equilibrium.

Key concepts: Stackelberg competition, Smart grid, Demand response, Computer science, Game theory, Grid, Electricity, Power grid

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