Abstract
This paper presents a master-slave game model of demand response between power grid companies and multiple users. Firstly, the objective functions of power supplier and power user revenue are established by considering the customer satisfaction and power fluctuation cost. Then, the variables in the model are divided into strategy sets of the two players by the decision variable mapping set technique, and the equilibrium solution is obtained after multiple rounds of games. The example shows that the subsidy price of peak load period can be obtained by the grid company based on the model, and both the grid company and the user can benefit from the demand response.
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