Data-Driven Repeated-Feedback Adjustment Strategy for Smart Grid Pricing

Applying the optimal problem, we get the optimal power supply and price. However, how to make the real power consumption close to the optimal power supply is still worth studying. This paper proposes a novel data-driven inverse proportional function-based repeated-feedback adjustment strategy to con...

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Main Authors: Bingjie He, Qiaorong Dai, Aijuan Zhou, Jinxiu Xiao
Format: Article
Language:English
Published: Wiley 2021-01-01
Series:Journal of Mathematics
Online Access:http://dx.doi.org/10.1155/2021/7477314
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author Bingjie He
Qiaorong Dai
Aijuan Zhou
Jinxiu Xiao
author_facet Bingjie He
Qiaorong Dai
Aijuan Zhou
Jinxiu Xiao
author_sort Bingjie He
collection DOAJ
description Applying the optimal problem, we get the optimal power supply and price. However, how to make the real power consumption close to the optimal power supply is still worth studying. This paper proposes a novel data-driven inverse proportional function-based repeated-feedback adjustment strategy to control the users’ real power consumption. With the repeated-feedback adjustment, we adjust the real-time prices according to changes in the power discrepancy between the optimal power supply and the users’ real power consumption. If and only if the power discrepancy deviates the preset range, the real power consumption in different periods will be adjusted through the change of the price, so the adjustment times is the least. Numerical results on real power market show that the novel inverse proportional function-based repeated-feedback adjustment strategy brought forward in the article achieves better effect than the linear one, that is to say, the adjustments times and standard error of the residuals are less. Meanwhile, profit and whole social welfare are more. The proposed strategy can obtain more steady and dependable consumption load close to the optimal power supply, which is conducive to the balanced supply of electric energy.
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institution Kabale University
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publishDate 2021-01-01
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series Journal of Mathematics
spelling doaj-art-f511c7eb1c7846d2ae1842488bd229b92025-02-03T01:26:24ZengWileyJournal of Mathematics2314-47852021-01-01202110.1155/2021/7477314Data-Driven Repeated-Feedback Adjustment Strategy for Smart Grid PricingBingjie He0Qiaorong Dai1Aijuan Zhou2Jinxiu Xiao3Advanced Vocational Technical CollegeAdvanced Vocational Technical CollegeAdvanced Vocational Technical CollegeAdvanced Vocational Technical CollegeApplying the optimal problem, we get the optimal power supply and price. However, how to make the real power consumption close to the optimal power supply is still worth studying. This paper proposes a novel data-driven inverse proportional function-based repeated-feedback adjustment strategy to control the users’ real power consumption. With the repeated-feedback adjustment, we adjust the real-time prices according to changes in the power discrepancy between the optimal power supply and the users’ real power consumption. If and only if the power discrepancy deviates the preset range, the real power consumption in different periods will be adjusted through the change of the price, so the adjustment times is the least. Numerical results on real power market show that the novel inverse proportional function-based repeated-feedback adjustment strategy brought forward in the article achieves better effect than the linear one, that is to say, the adjustments times and standard error of the residuals are less. Meanwhile, profit and whole social welfare are more. The proposed strategy can obtain more steady and dependable consumption load close to the optimal power supply, which is conducive to the balanced supply of electric energy.http://dx.doi.org/10.1155/2021/7477314
spellingShingle Bingjie He
Qiaorong Dai
Aijuan Zhou
Jinxiu Xiao
Data-Driven Repeated-Feedback Adjustment Strategy for Smart Grid Pricing
Journal of Mathematics
title Data-Driven Repeated-Feedback Adjustment Strategy for Smart Grid Pricing
title_full Data-Driven Repeated-Feedback Adjustment Strategy for Smart Grid Pricing
title_fullStr Data-Driven Repeated-Feedback Adjustment Strategy for Smart Grid Pricing
title_full_unstemmed Data-Driven Repeated-Feedback Adjustment Strategy for Smart Grid Pricing
title_short Data-Driven Repeated-Feedback Adjustment Strategy for Smart Grid Pricing
title_sort data driven repeated feedback adjustment strategy for smart grid pricing
url http://dx.doi.org/10.1155/2021/7477314
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AT qiaorongdai datadrivenrepeatedfeedbackadjustmentstrategyforsmartgridpricing
AT aijuanzhou datadrivenrepeatedfeedbackadjustmentstrategyforsmartgridpricing
AT jinxiuxiao datadrivenrepeatedfeedbackadjustmentstrategyforsmartgridpricing