A User-Oriented Pricing Design for Demand Response in Smart Grid

Algorithm 1

Utility company algorithm.

Input: , , , , .
Output: .
(1)	Initialize: randomly.
(2)	while receive information from customers, do
(3)	Update power rate capacity by (11).
(4)	Update constraint boundary , by (15).
(5)	Construct utility function optimization problem (13).
(6)	Calculate optimal value of price by solving (16).
(7)	Broadcast new value of price .
(8)	Receive customers’ response of .
(9)	end while
(10)	End