This paper focuses on analysing a novel, attractive business model that can actively participate prosumers through dynamic pricing and incentive based demand ...

Further this review paper focusses on various optimization models to achieve social welfare maximization. And also bibliometric analysis has been done through ...

Jul 15, 2024 ¡¤ This approach maximizes social welfare by minimizing the electricity consumption cost for customers while simultaneously saving on generation ...

Mar 22, 2021 ¡¤ Abstract. The modernized power grid system intelligently integrates various advanced. Information and Communication Technologies (ICT's) ...

This aim can be formulated as maximizing the sum of utility functions of all users minus the cost function of the supply side, while the energy demand is ...

Qian et al. [23] established a two-stage social welfare maximization model for the real-time pricing in smart grid and solved it by a simulated annealing ...

Based on the demand side management and the real-time pricing model, the social welfare maximization model of smart grid is considered. We transform it by ...

May 9, 2022 ¡¤ This report conveys the status of smart grid deployments across the Nation, the capabilities they provide, and the challenges remaining as ...

Oct 21, 2021 ¡¤ We present a survey of key aspects, technologies, protocols, and case studies of the current and future trend of Smart Grids.

The authors have proposed a Markov decision-based multi-stage optimization algorithm to maximize the social welfare under the RTP pricing scheme. The ...