Game-Theory Modeling for Social Welfare Maximization in Smart Grids

In this paper, we study the Stackelberg game-based evolutionary game with two players, generators and energy users (EUs), for monetary profit maximization in real-time price (RTP) demand response (DR) systems. We propose two energy strategies, generator’s best-pricing and power-generation...

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Bibliographic Details
Main Authors: Yu Min Hwang, Issac Sim, Young Ghyu Sun, Heung-Jae Lee, Jin Young Kim
Format: Article
Language:English
Published: MDPI AG 2018-09-01
Series:Energies
Subjects:
Online Access:http://www.mdpi.com/1996-1073/11/9/2315