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Mobile Information Systems
Volume 2017 (2017), Article ID 5039702, 11 pages
https://doi.org/10.1155/2017/5039702
Research Article

Real-Time Pricing Strategy Based on the Stability of Smart Grid for Green Internet of Things

1School of Mechatronic Engineering and Automation, Shanghai University, Shanghai 200072, China
2Department of Electrical and Computer Engineering, University of Nebraska-Lincoln (UNL), Lincoln, NE, USA

Correspondence should be addressed to Zhou Su; gro.eeei@usuohz

Received 16 December 2016; Accepted 23 February 2017; Published 20 March 2017

Academic Editor: Ning Zhang

Copyright © 2017 Huwei Chen et al. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

Abstract

The ever increasing demand of energy efficiency and the strong awareness of environment have led to the enhanced interests in green Internet of things (IoTs). How to efficiently deliver power, especially, with the smart grid based on the stability of network becomes a challenge for green IoTs. Therefore, in this paper we present a novel real-time pricing strategy based on the network stability in the green IoTs enabled smart grid. Firstly, the outage is analyzed by considering the imbalance of power supply and demand as well as the load uncertainty. Secondly, the problem of power supply with multiple-retailers is formulated as a Stackelberg game, where the optimal price can be obtained with the maximal profit for retailers and users. Thirdly, the stability of price is analyzed under the constraints. In addition, simulation results show the efficiency of the proposed strategy.