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

Algorithm 2

Customer algorithm.

Input: , , , , , .
Output: , .
(1)	Initialize: , randomly.
(2)	while receive information from utility company do
(3)	Update optimal responsive price .
(4)	Update power rate constraints by (1)–(3).
(5)	Construct customer i utility function .
(6)	Calculate optimal response by (10).
(7)	Send optimal response to utility company.
(8)	Receive electricity price from utility company.
(9)	end while
(10)	End