@inproceedings{50264fa723f24906b627b8996b2c4b1d,
title = "Prioritizing consumers in smart grid: Energy management using game theory",
abstract = "This paper explores an idea of demand-supply balance for smart grids in which consumers are expected to play a significant role. The main objective is to motivate the consumer, by maximizing their benefit both as a seller and a buyer, to trade their surplus energy with the grid so as to balance the demand at the peak hour. To that end, a Stackelberg game is proposed to capture the interactions between the grid and consumers, and it is shown analytically that optimal energy trading parameters that maximize customers' utilities are obtained at the solution of the game. A novel distributed algorithm is proposed to reach the optimal solution of the game, and numerical examples are used to assess the properties and effectiveness of the proposed approach.",
keywords = "Smart grid, Stackelberg game, consumer's benefit, demand management, two-way communication, variational equilibrium",
author = "Wayes Tushar and Zhang, \{Jian A.\} and Smith, \{David B.\} and Sylvie Thiebaux and Poor, \{H. Vincent\}",
year = "2013",
doi = "10.1109/ICC.2013.6655229",
language = "English",
isbn = "9781467331227",
series = "IEEE International Conference on Communications",
publisher = "Institute of Electrical and Electronics Engineers Inc.",
pages = "4239--4243",
booktitle = "2013 IEEE International Conference on Communications, ICC 2013",
address = "United States",
note = "2013 IEEE International Conference on Communications, ICC 2013 ; Conference date: 09-06-2013 Through 13-06-2013",
}