Dynamic electricity pricing via the H∞ control considering uncertainties in market participants' behavior

Yoshihiro Okawa; Toru Namerikawa

doi:10.1109/ECC.2015.7330681

Dynamic electricity pricing via the H_∞ control considering uncertainties in market participants' behavior

Yoshihiro Okawa, Toru Namerikawa

Department of System Design Engineering

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution

8 Citations (Scopus)

Abstract

This paper deals with a dynamic pricing via the H_∞ control considering uncertainties in market participants' behavior. The dynamic pricing is a decision procedure of an electricity price based on power demand and supply information from selfish power consumers and generators. However, since market participants have uncertainties in their behavior, the price decision procedure is required to have robustness against these uncertainties for stable operation of power systems. Then, in this paper, we propose a novel price decision procedure via the H_∞ control and also show the effectiveness of our proposed price decision method in simulation results.

Original language	English
Title of host publication	2015 European Control Conference, ECC 2015
Publisher	Institute of Electrical and Electronics Engineers Inc.
Pages	1064-1069
Number of pages	6
ISBN (Print)	9783952426937
DOIs	https://doi.org/10.1109/ECC.2015.7330681
Publication status	Published - 2015 Nov 16
Event	European Control Conference, ECC 2015 - Linz, Austria Duration: 2015 Jul 15 → 2015 Jul 17

Other

Other	European Control Conference, ECC 2015
Country/Territory	Austria
City	Linz
Period	15/7/15 → 15/7/17

ASJC Scopus subject areas

Control and Systems Engineering

Access to Document

10.1109/ECC.2015.7330681

Cite this

Okawa, Y & Namerikawa, T 2015, Dynamic electricity pricing via the H_∞ control considering uncertainties in market participants' behavior. in 2015 European Control Conference, ECC 2015., 7330681, Institute of Electrical and Electronics Engineers Inc., pp. 1064-1069, European Control Conference, ECC 2015, Linz, Austria, 15/7/15. https://doi.org/10.1109/ECC.2015.7330681

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