Distributed power supply-demand management based on negawatt trading with energy storage system

Yoshihiro Okawa, Toru Namerikawa

Research output: Chapter in Book/Report/Conference proceedingConference contribution

3 Citations (Scopus)

Abstract

This paper presents a distributed power supply-demand management method based on negawatt trading including charge or discharge power from energy storage systems. In the negawatt trading, power consumers reduce their own power demand and receive monetary reward from the market operator. In order to derive appropriate electricity incentive prices for consumers and to use energy storage systems in power grids efficiently, we deal with a power adjustment problem using some future power supply information in this paper. We then show a novel market algorithm to solve this problem in a distributed manner through market trading among the market operator and consumers. Finally, we verify the effectiveness of our proposed method with numerical simulation results.

Original languageEnglish
Title of host publication2016 European Control Conference, ECC 2016
PublisherInstitute of Electrical and Electronics Engineers Inc.
Pages1812-1817
Number of pages6
ISBN (Electronic)9781509025916
DOIs
Publication statusPublished - 2017 Jan 6
Event2016 European Control Conference, ECC 2016 - Aalborg, Denmark
Duration: 2016 Jun 292016 Jul 1

Other

Other2016 European Control Conference, ECC 2016
CountryDenmark
CityAalborg
Period16/6/2916/7/1

Fingerprint

Energy Storage
Storage System
Energy storage
Electricity
Computer simulation
Operator
Incentives
Reward
Adjustment
Charge
Verify
Grid
Numerical Simulation
Market
Demand

ASJC Scopus subject areas

  • Control and Systems Engineering
  • Control and Optimization

Cite this

Okawa, Y., & Namerikawa, T. (2017). Distributed power supply-demand management based on negawatt trading with energy storage system. In 2016 European Control Conference, ECC 2016 (pp. 1812-1817). [7810554] Institute of Electrical and Electronics Engineers Inc.. https://doi.org/10.1109/ECC.2016.7810554

Distributed power supply-demand management based on negawatt trading with energy storage system. / Okawa, Yoshihiro; Namerikawa, Toru.

2016 European Control Conference, ECC 2016. Institute of Electrical and Electronics Engineers Inc., 2017. p. 1812-1817 7810554.

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Okawa, Y & Namerikawa, T 2017, Distributed power supply-demand management based on negawatt trading with energy storage system. in 2016 European Control Conference, ECC 2016., 7810554, Institute of Electrical and Electronics Engineers Inc., pp. 1812-1817, 2016 European Control Conference, ECC 2016, Aalborg, Denmark, 16/6/29. https://doi.org/10.1109/ECC.2016.7810554
Okawa Y, Namerikawa T. Distributed power supply-demand management based on negawatt trading with energy storage system. In 2016 European Control Conference, ECC 2016. Institute of Electrical and Electronics Engineers Inc. 2017. p. 1812-1817. 7810554 https://doi.org/10.1109/ECC.2016.7810554
Okawa, Yoshihiro ; Namerikawa, Toru. / Distributed power supply-demand management based on negawatt trading with energy storage system. 2016 European Control Conference, ECC 2016. Institute of Electrical and Electronics Engineers Inc., 2017. pp. 1812-1817
@inproceedings{a88e9b76018e44728be497a57ca0acaa,
title = "Distributed power supply-demand management based on negawatt trading with energy storage system",
abstract = "This paper presents a distributed power supply-demand management method based on negawatt trading including charge or discharge power from energy storage systems. In the negawatt trading, power consumers reduce their own power demand and receive monetary reward from the market operator. In order to derive appropriate electricity incentive prices for consumers and to use energy storage systems in power grids efficiently, we deal with a power adjustment problem using some future power supply information in this paper. We then show a novel market algorithm to solve this problem in a distributed manner through market trading among the market operator and consumers. Finally, we verify the effectiveness of our proposed method with numerical simulation results.",
author = "Yoshihiro Okawa and Toru Namerikawa",
year = "2017",
month = "1",
day = "6",
doi = "10.1109/ECC.2016.7810554",
language = "English",
pages = "1812--1817",
booktitle = "2016 European Control Conference, ECC 2016",
publisher = "Institute of Electrical and Electronics Engineers Inc.",

}

TY - GEN

T1 - Distributed power supply-demand management based on negawatt trading with energy storage system

AU - Okawa, Yoshihiro

AU - Namerikawa, Toru

PY - 2017/1/6

Y1 - 2017/1/6

N2 - This paper presents a distributed power supply-demand management method based on negawatt trading including charge or discharge power from energy storage systems. In the negawatt trading, power consumers reduce their own power demand and receive monetary reward from the market operator. In order to derive appropriate electricity incentive prices for consumers and to use energy storage systems in power grids efficiently, we deal with a power adjustment problem using some future power supply information in this paper. We then show a novel market algorithm to solve this problem in a distributed manner through market trading among the market operator and consumers. Finally, we verify the effectiveness of our proposed method with numerical simulation results.

AB - This paper presents a distributed power supply-demand management method based on negawatt trading including charge or discharge power from energy storage systems. In the negawatt trading, power consumers reduce their own power demand and receive monetary reward from the market operator. In order to derive appropriate electricity incentive prices for consumers and to use energy storage systems in power grids efficiently, we deal with a power adjustment problem using some future power supply information in this paper. We then show a novel market algorithm to solve this problem in a distributed manner through market trading among the market operator and consumers. Finally, we verify the effectiveness of our proposed method with numerical simulation results.

UR - http://www.scopus.com/inward/record.url?scp=85010727683&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=85010727683&partnerID=8YFLogxK

U2 - 10.1109/ECC.2016.7810554

DO - 10.1109/ECC.2016.7810554

M3 - Conference contribution

SP - 1812

EP - 1817

BT - 2016 European Control Conference, ECC 2016

PB - Institute of Electrical and Electronics Engineers Inc.

ER -