Dynamic pricing considering constraints of power grids

Yoshihiro Okawa, Toru Namerikawa

研究成果: Conference contribution

7 被引用数 (Scopus)

抄録

This paper deals with a model of a real-time electricity market for a smart grid, and discusses how to decide wholesale and retail prices of electricity among market participants: power consumers, power suppliers and an independent system operator. In this paper, we consider a linearized AC model of a power grid with a direct current process and show that the wholesale price for suppliers is determined as the optimal Lagrange multiplier corresponding to the nodal power balance constraints. In addition, we propose a decision procedure for the retail pricing of electricity for consumers. In order to improve the convergence speed of the algorithm, we apply the iterative gradient method with line search to a retail pricing decision procedure, in which the optimal step size is determined in each iteration step. Simulation results, finally, show the effectiveness of the proposed retail pricing decision procedure.

本文言語English
ホスト出版物のタイトルProceedings of the SICE Annual Conference
出版社Society of Instrument and Control Engineers (SICE)
ページ1484-1489
ページ数6
ISBN(電子版)9784907764463
DOI
出版ステータスPublished - 2014 10月 23
イベント2014 53rd Annual Conference of the Society of Instrument and Control Engineers of Japan, SICE 2014 - Sapporo, Japan
継続期間: 2014 9月 92014 9月 12

出版物シリーズ

名前Proceedings of the SICE Annual Conference

Other

Other2014 53rd Annual Conference of the Society of Instrument and Control Engineers of Japan, SICE 2014
国/地域Japan
CitySapporo
Period14/9/914/9/12

ASJC Scopus subject areas

  • 制御およびシステム工学
  • コンピュータ サイエンスの応用
  • 電子工学および電気工学

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