TY - GEN
T1 - Passivity-based stability analysis of dynamic electricity pricing with power flow
AU - Okawa, Yoshihiro
AU - Namerikawa, Toru
AU - Qu, Zhihua
N1 - Funding Information:
*This work was supported by JST CREST.
Publisher Copyright:
© 2017 IEEE.
PY - 2018/1/18
Y1 - 2018/1/18
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.
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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 -