The authors model the interactions between utility companies and end-users, and propose a Stackelberg game based demand response management (DRM) scheme for the smart grid. Smart grid includes a metering infrastructure capable of sensing and measuring power consumption from consumers integrated with advanced information and communication technologies. DRM is a key feature of the smart grid, and it focuses on managing the changes in consumers’ energy usage in response to changes in the electricity price over time. The main challenge of designing effective DRM mechanisms is to have a fundamental understanding of the complicated interactions among different components in the smart grid. The model proposed in paper successfully captures such interactions. The proposed scheme reduces the consumers’ electricity bill, decreases the cost of power generators, and balances the power demand and the power supply through the real-time pricing. An important observation in this work is the potential attack on the smart meters infrastructure and its consequences. The authors develop energy-storage-based mechanisms to maintain the reliability and resilience of the grid in the presence of an attacker, thus making the smart grid a dependable system.
Dependable Demand Response Management in the Smart Grid: A Stackelberg Game Approach
Statements and opinions given in a work published by the IEEE or the IEEE Communications Society are the expressions of the author(s). Responsibility for the content of published articles rests upon the authors(s), not IEEE nor the IEEE Communications Society.