Conference Proceedings

A fast and scalable algorithm for scheduling large numbers of devices under real-time pricing

S He, M Wallace, G Gange, A Liebman, C Wilson

Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics) | Springer-Verlag UK | Published : 2018

Abstract

© Springer Nature Switzerland AG 2018. Real-time pricing (RTP) is a financial incentive mechanism designed to encourage demand response (DR) to reduce peak demand in medium and low voltage distribution networks but also impacting the generation and transmission system. Though RTP is believed to be an effective mechanism, challenges exist in implementing RTP for residential consumers wherein manually responding to a changing price is difficult and uncoordinated responses can lead to undesired peak demand at what are normally off-peak times. Previous research has proposed various algorithms to address these challenges, however, they rarely consider algorithms that manage very large numbers of ..

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