Passivity-based stability analysis of dynamic electricity pricing with power flow

Yoshihiro Okawa; Toru Namerikawa; Zhihua Qu

doi:10.1109/CDC.2017.8263760

Passivity-based stability analysis of dynamic electricity pricing with power flow

Yoshihiro Okawa, Toru Namerikawa, Zhihua Qu

Department of System Design Engineering

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

4 Citations (Scopus)

Abstract

This paper deals with passivity-based stability analysis of dynamic electricity pricing considering power flow. In the near future electricity market, power consumers and generators will participate in electricity market trading as market players. For such a market trading system, the dynamic pricing procedure is required to consider the intermittent participation of power consumers and generators. Then, this paper discusses the stability of the electricity market trading system including power flow using passivity analysis. This paper also shows that the optimal power demand, supply and electricity prices are asymptotically stable and these values are derived in a distributed manner through market trading.

Original language	English
Title of host publication	2017 IEEE 56th Annual Conference on Decision and Control, CDC 2017
Publisher	Institute of Electrical and Electronics Engineers Inc.
Pages	813-818
Number of pages	6
ISBN (Electronic)	9781509028733
DOIs	https://doi.org/10.1109/CDC.2017.8263760
Publication status	Published - 2017 Jun 28
Event	56th IEEE Annual Conference on Decision and Control, CDC 2017 - Melbourne, Australia Duration: 2017 Dec 12 → 2017 Dec 15

Publication series

Name	2017 IEEE 56th Annual Conference on Decision and Control, CDC 2017
Volume	2018-January

Other

Other	56th IEEE Annual Conference on Decision and Control, CDC 2017
Country/Territory	Australia
City	Melbourne
Period	17/12/12 → 17/12/15

ASJC Scopus subject areas

Decision Sciences (miscellaneous)
Industrial and Manufacturing Engineering
Control and Optimization

Access to Document

10.1109/CDC.2017.8263760

Cite this

Okawa, Y., Namerikawa, T., & Qu, Z. (2017). Passivity-based stability analysis of dynamic electricity pricing with power flow. In 2017 IEEE 56th Annual Conference on Decision and Control, CDC 2017 (pp. 813-818). (2017 IEEE 56th Annual Conference on Decision and Control, CDC 2017; Vol. 2018-January). Institute of Electrical and Electronics Engineers Inc.. https://doi.org/10.1109/CDC.2017.8263760

Passivity-based stability analysis of dynamic electricity pricing with power flow. / Okawa, Yoshihiro; Namerikawa, Toru; Qu, Zhihua.
2017 IEEE 56th Annual Conference on Decision and Control, CDC 2017. Institute of Electrical and Electronics Engineers Inc., 2017. p. 813-818 (2017 IEEE 56th Annual Conference on Decision and Control, CDC 2017; Vol. 2018-January).

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

Okawa, Y, Namerikawa, T & Qu, Z 2017, Passivity-based stability analysis of dynamic electricity pricing with power flow. in 2017 IEEE 56th Annual Conference on Decision and Control, CDC 2017. 2017 IEEE 56th Annual Conference on Decision and Control, CDC 2017, vol. 2018-January, Institute of Electrical and Electronics Engineers Inc., pp. 813-818, 56th IEEE Annual Conference on Decision and Control, CDC 2017, Melbourne, Australia, 17/12/12. https://doi.org/10.1109/CDC.2017.8263760

@inproceedings{50ac41f749664563b159d15eef39cb4b,

title = "Passivity-based stability analysis of dynamic electricity pricing with power flow",

abstract = "This paper deals with passivity-based stability analysis of dynamic electricity pricing considering power flow. In the near future electricity market, power consumers and generators will participate in electricity market trading as market players. For such a market trading system, the dynamic pricing procedure is required to consider the intermittent participation of power consumers and generators. Then, this paper discusses the stability of the electricity market trading system including power flow using passivity analysis. This paper also shows that the optimal power demand, supply and electricity prices are asymptotically stable and these values are derived in a distributed manner through market trading.",

author = "Yoshihiro Okawa and Toru Namerikawa and Zhihua Qu",

note = "Funding Information: *This work was supported by JST CREST. Publisher Copyright: {\textcopyright} 2017 IEEE.; 56th IEEE Annual Conference on Decision and Control, CDC 2017 ; Conference date: 12-12-2017 Through 15-12-2017",

year = "2017",

month = jun,

day = "28",

doi = "10.1109/CDC.2017.8263760",

language = "English",

series = "2017 IEEE 56th Annual Conference on Decision and Control, CDC 2017",

publisher = "Institute of Electrical and Electronics Engineers Inc.",

pages = "813--818",

booktitle = "2017 IEEE 56th Annual Conference on Decision and Control, CDC 2017",

}

TY - GEN

T1 - Passivity-based stability analysis of dynamic electricity pricing with power flow

AU - Okawa, Yoshihiro

AU - Namerikawa, Toru

AU - Qu, Zhihua

PY - 2017/6/28

Y1 - 2017/6/28

N2 - This paper deals with passivity-based stability analysis of dynamic electricity pricing considering power flow. In the near future electricity market, power consumers and generators will participate in electricity market trading as market players. For such a market trading system, the dynamic pricing procedure is required to consider the intermittent participation of power consumers and generators. Then, this paper discusses the stability of the electricity market trading system including power flow using passivity analysis. This paper also shows that the optimal power demand, supply and electricity prices are asymptotically stable and these values are derived in a distributed manner through market trading.

AB - This paper deals with passivity-based stability analysis of dynamic electricity pricing considering power flow. In the near future electricity market, power consumers and generators will participate in electricity market trading as market players. For such a market trading system, the dynamic pricing procedure is required to consider the intermittent participation of power consumers and generators. Then, this paper discusses the stability of the electricity market trading system including power flow using passivity analysis. This paper also shows that the optimal power demand, supply and electricity prices are asymptotically stable and these values are derived in a distributed manner through market trading.

UR - http://www.scopus.com/inward/record.url?scp=85046139330&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=85046139330&partnerID=8YFLogxK

U2 - 10.1109/CDC.2017.8263760

DO - 10.1109/CDC.2017.8263760

M3 - Conference contribution

AN - SCOPUS:85046139330

T3 - 2017 IEEE 56th Annual Conference on Decision and Control, CDC 2017

SP - 813

EP - 818

BT - 2017 IEEE 56th Annual Conference on Decision and Control, CDC 2017

PB - Institute of Electrical and Electronics Engineers Inc.

T2 - 56th IEEE Annual Conference on Decision and Control, CDC 2017

Y2 - 12 December 2017 through 15 December 2017

ER -

Passivity-based stability analysis of dynamic electricity pricing with power flow

Abstract

Publication series

Other

ASJC Scopus subject areas

Access to Document

Other files and links

Fingerprint

Cite this