Tushar, Wayes; Zhang, Jian (Andrew); Smith, David; Poor, H. Vincent; Thiebaux, Sylvie
This paper proposes an energy management technique for a consumer-to-grid system in smart grid. The benefit to consumers is made the primary concern to encourage consumers to participate voluntarily in energy trading with the central power station (CPS) in situations of energy deficiency. A novel system model motivating energy trading under the goal of social optimality is proposed. A single-leader multiple-follower Stackelberg game is then studied to model the interactions between the CPS and...[Show more]
Items in Open Research are protected by copyright, with all rights reserved, unless otherwise indicated.