Real-Time Pricing-Based Scheduling Strategy in Smart Grids: A Hierarchical Game Approach

Table 1

Comparison of the scheduling strategies with RTP and flat pricing.

Pricing strategy	Average price; (cents/kWh)	PAR	Daily load; (kWh)
Flat pricing	12.9	1.17	2402.5
RTP	12.6	1.10	2309.3