Dynamic electricity pricing via the H control considering uncertainties in market participants' behavior

Yoshihiro Okawa, Toru Namerikawa

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

6 Citations (Scopus)

Abstract

This paper deals with a dynamic pricing via the H control considering uncertainties in market participants' behavior. The dynamic pricing is a decision procedure of an electricity price based on power demand and supply information from selfish power consumers and generators. However, since market participants have uncertainties in their behavior, the price decision procedure is required to have robustness against these uncertainties for stable operation of power systems. Then, in this paper, we propose a novel price decision procedure via the H control and also show the effectiveness of our proposed price decision method in simulation results.

Original languageEnglish
Title of host publication2015 European Control Conference, ECC 2015
PublisherInstitute of Electrical and Electronics Engineers Inc.
Pages1064-1069
Number of pages6
ISBN (Print)9783952426937
DOIs
Publication statusPublished - 2015 Nov 16
EventEuropean Control Conference, ECC 2015 - Linz, Austria
Duration: 2015 Jul 152015 Jul 17

Other

OtherEuropean Control Conference, ECC 2015
CountryAustria
CityLinz
Period15/7/1515/7/17

ASJC Scopus subject areas

  • Control and Systems Engineering

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    Okawa, Y., & Namerikawa, T. (2015). Dynamic electricity pricing via the H control considering uncertainties in market participants' behavior. In 2015 European Control Conference, ECC 2015 (pp. 1064-1069). [7330681] Institute of Electrical and Electronics Engineers Inc.. https://doi.org/10.1109/ECC.2015.7330681