Passivity-Based Stability Analysis of Electricity Market Trading with Dynamic Pricing
This paper deals with passivity-based stability analysis of electricity market trading with dynamic pricing. In the deregulated electricity market, power consumers and generators will participate in market trading as market players. For such a new kind of the market trading system, the dynamic prici...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Taylor & Francis Group
2018-09-01
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| Series: | SICE Journal of Control, Measurement, and System Integration |
| Subjects: | |
| Online Access: | http://dx.doi.org/10.9746/jcmsi.11.390 |
| _version_ | 1827794760924921856 |
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| author | Yoshihiro Okawa Keita Muto Toru Namerikawa |
| author_facet | Yoshihiro Okawa Keita Muto Toru Namerikawa |
| author_sort | Yoshihiro Okawa |
| collection | DOAJ |
| description | This paper deals with passivity-based stability analysis of electricity market trading with dynamic pricing. In the deregulated electricity market, power consumers and generators will participate in market trading as market players. For such a new kind of the market trading system, the dynamic pricing procedure has to be taken into account of 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. |
| first_indexed | 2024-03-11T18:38:27Z |
| format | Article |
| id | doaj.art-15eb8ea7556d444288855bd9eac61eff |
| institution | Directory Open Access Journal |
| issn | 1884-9970 |
| language | English |
| last_indexed | 2024-03-11T18:38:27Z |
| publishDate | 2018-09-01 |
| publisher | Taylor & Francis Group |
| record_format | Article |
| series | SICE Journal of Control, Measurement, and System Integration |
| spelling | doaj.art-15eb8ea7556d444288855bd9eac61eff2023-10-12T13:43:55ZengTaylor & Francis GroupSICE Journal of Control, Measurement, and System Integration1884-99702018-09-0111539039810.9746/jcmsi.11.39012103231Passivity-Based Stability Analysis of Electricity Market Trading with Dynamic PricingYoshihiro Okawa0Keita Muto1Toru Namerikawa2Department of System Design Engineering, Keio UniversityDepartment of System Design Engineering, Keio UniversityDepartment of System Design Engineering, Keio UniversityThis paper deals with passivity-based stability analysis of electricity market trading with dynamic pricing. In the deregulated electricity market, power consumers and generators will participate in market trading as market players. For such a new kind of the market trading system, the dynamic pricing procedure has to be taken into account of 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.http://dx.doi.org/10.9746/jcmsi.11.390smart girddemand responsedynamic pricingpassivity |
| spellingShingle | Yoshihiro Okawa Keita Muto Toru Namerikawa Passivity-Based Stability Analysis of Electricity Market Trading with Dynamic Pricing SICE Journal of Control, Measurement, and System Integration smart gird demand response dynamic pricing passivity |
| title | Passivity-Based Stability Analysis of Electricity Market Trading with Dynamic Pricing |
| title_full | Passivity-Based Stability Analysis of Electricity Market Trading with Dynamic Pricing |
| title_fullStr | Passivity-Based Stability Analysis of Electricity Market Trading with Dynamic Pricing |
| title_full_unstemmed | Passivity-Based Stability Analysis of Electricity Market Trading with Dynamic Pricing |
| title_short | Passivity-Based Stability Analysis of Electricity Market Trading with Dynamic Pricing |
| title_sort | passivity based stability analysis of electricity market trading with dynamic pricing |
| topic | smart gird demand response dynamic pricing passivity |
| url | http://dx.doi.org/10.9746/jcmsi.11.390 |
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