Distributed Real-Time Pricing Method Incorporating Load Uncertainty Based on Nonsmooth Equations for Smart Grid

Algorithm 2

Update price and capacity by energy provider.

Step 1 Initialization

Step 2 Repeat

If time

Receive from all the users;

Compute the price and capacity value by solving (41);

Send the price to the all users.

Else

Receive load from all the users;

Update the total load.

End (Until end of intended period)