A real-time energy management strategy using dynamic pricing mechanism by deploying a fractional order super twisting sliding mode controller (FOSTSMC) is proposed for correspondence between energy users and providers. This framework, which controls the energy demand of the smart grid’s users is managed by the pricing signal provided by the FOSTSMC, issued to the smart meters, and adjusts the users’ demand to remove the difference between energy demand and generation. For the implementation purpose, a scenario based in MATLAB/Simulink is constructed where a sample renewable energy–integrated smart microgrid is considered. For the validation of the framework, the results of FOSTSMC are compared with the benchmark PI controller’s response. The results of the benchmark PI controller are firstly compared in step response analysis, which is followed by the comparison in deploying in renewable energy–integrated smart grid scenario with multiple users. The results indicate that the FOSTSMC-based controller strategy outperformed the existing PI controller-based strategy in terms of overshoot, energy balance, and energy price regulation.