Industrial Engineering Journal ›› 2021, Vol. 24 ›› Issue (6): 116-122.doi: 10.3969/j.issn.1007-7375.2021.06.015

• practice & application • Previous Articles     Next Articles

A Stackelberg Game-theoretic Approach to Real-time Pricing under Load Forecasting Update

WU Zhiqiang, GAO Yan, WANG Bo, LI Lei   

  1. School of Management, University of Shanghai for Science and Technology, Shanghai 200082, China
  • Received:2020-06-23 Published:2022-01-24

Abstract: In the smart grid environment, load prediction is introduced based on the real-time price Stackelberg game model. In order to match the real-time load and the predicted load, the master-slave game model between the seller and the user is designed. By establishing the real-time pricing mechanism under load forecast update, the optimal real-time power price and optimal power consumption behavior of both sides are obtained. By integrating the load time series under the equalization state of the day-ahead real-time electricity price mechanism into the power supplier power price weight time series vector, the further optimized load-balancing time series under the day-ahead real-time electricity price mechanism is obtained, finally forming a closed-loop that is constantly advancing and optimizing. At the same time, the matching degree evaluation index and judgment criterion of real-time load and predictive load sequence are presented. Through numerical simulation analysis and comparison with the unoptimized real-time pricing mechanism, it is found that the proposed real-time pricing mechanism based on load prediction and update can significantly reduce the power consumption cost of power users while improving the operation efficiency of the power grid.

Key words: smart grid, real-time pricing, load forecasting, Stackelberg game

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