2019
DOI: 10.1155/2019/1498134
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Distributed Real‐Time Pricing Method Incorporating Load Uncertainty Based on Nonsmooth Equations for Smart Grid

Abstract: The real-time pricing mechanism of smart grid based on demand response is an effective means to adjust the balance between energy supply and demand, whose implementation will impact the user's electricity consumption behaviour, the operation, and management in the future power systems. In this paper, we propose a complementarity algorithm to solve the real-time pricing of smart grid. The Karush–Kuhn–Tucker condition is considered in the social welfare maximisation model incorporating load uncertainty to transf… Show more

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