A Real-Time Dynamic Pricing Algorithm for Smart Grid With Unstable Energy Providers and Malicious Users

Abstract

In this paper, we consider a smart power model, where some subscribers share several energy providers and there are some malicious users in this power grid. The energy providers are managed by a power market scheduling center (PMSC), which broadcasts electricity price to subscribers and energy providers. The energy providers and subscribers update their capacities and energy consumption requirements, respectively, according to the electricity prices received. In order to identify the malicious users and the unstable energy providers, the mechanism of identification and processing (MIP) for the malicious users and unstable energy providers is proposed. By integrating the MIP, we proposed a heuristic algorithm called the dynamic pricing algorithm with malicious users and unstable energy providers (DPAMU) to get the optimal electricity price as well as the optimal power requirement and the load capacity. Finally, the simulation results show that the proposed DPAMU has good convergence performance and can shave and clip the peak load effectively.