Load leveling control by Real-Time Dynamical pricing based on Steepest Descent Method

This paper describes load leveling control by Real-Time Dynamical pricing based on optimization method. First, we propose a profit maximization problem of supply and demand, satisfying the supply constraint and the balance between supply and demand. Then we rewrite them to dual problem which minimizes electricity price. We made algorithm to solve the dual problem by Steepest Descent Method and proof its convergence. Finally some numerical simulations show the effectiveness of the proposed load leveling control.