Optimal pricing algorithm in the electricity market with battery and accumulator and demand-supply balancing

Yuki Miyano, Toru Namerikawa

Research output: Contribution to journalArticle

Abstract

This paper considers Day-Ahead Market with battery and accumulator to level power generation. First, we model consumer with battery, generator with battery and accumulator to maximize their own profit. Then, the optimal pricing algorithm based on dual decomposition and Steepest Descent Method and proof the stability of the algorithm is proposed. Finally, we show the effectiveness of the algorithm with some numerical simulations which indicate that the proposed algorithm achieves the demand-supply balancing.

Original languageEnglish
JournalIEEJ Transactions on Electronics, Information and Systems
Volume133
Issue number10
DOIs
Publication statusPublished - 2013

Fingerprint

Costs
Steepest descent method
Power generation
Profitability
Decomposition
Power markets
Computer simulation

Keywords

  • Demand response
  • Dual decomposition
  • Electricity liberalization
  • Steepest descent method

ASJC Scopus subject areas

  • Electrical and Electronic Engineering

Cite this

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