TY - GEN
T1 - Optimal pricing of electricity by aggregator for demand adjustment of each consumer having appliances
AU - Muto, Keita
AU - Okawa, Yoshihiro
AU - Namerikawa, Torn
N1 - Publisher Copyright:
© 2017 SICE.
Copyright:
Copyright 2018 Elsevier B.V., All rights reserved.
PY - 2017/11/10
Y1 - 2017/11/10
N2 - This paper deals with demand adjustment problem of each consumer having appliances by an aggregator based on the optimal pricing problem in a day-ahead electricity market. In this paper, we model consumer, generator, aggregator and design a market mechanism and they act to maximize their own profit based on the power price and decide the electricity supply and demand. The dual decomposition is applied to market problem to maximize the social welfare and the proposed algorithm decides electricity price based on the exchange of information among market participants to solve each distributed problem for improving convergence. In addition, the convergence of this proposed method is proven using Lyapunov stability theorem. Finally, simulation results show that matching of supply and demand is sufficiently achieved.
AB - This paper deals with demand adjustment problem of each consumer having appliances by an aggregator based on the optimal pricing problem in a day-ahead electricity market. In this paper, we model consumer, generator, aggregator and design a market mechanism and they act to maximize their own profit based on the power price and decide the electricity supply and demand. The dual decomposition is applied to market problem to maximize the social welfare and the proposed algorithm decides electricity price based on the exchange of information among market participants to solve each distributed problem for improving convergence. In addition, the convergence of this proposed method is proven using Lyapunov stability theorem. Finally, simulation results show that matching of supply and demand is sufficiently achieved.
KW - Aggregator
KW - Demand Response
KW - Optimal Pricing
UR - http://www.scopus.com/inward/record.url?scp=85044248595&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=85044248595&partnerID=8YFLogxK
U2 - 10.23919/SICE.2017.8105505
DO - 10.23919/SICE.2017.8105505
M3 - Conference contribution
AN - SCOPUS:85044248595
T3 - 2017 56th Annual Conference of the Society of Instrument and Control Engineers of Japan, SICE 2017
SP - 1246
EP - 1251
BT - 2017 56th Annual Conference of the Society of Instrument and Control Engineers of Japan, SICE 2017
PB - Institute of Electrical and Electronics Engineers Inc.
T2 - 56th Annual Conference of the Society of Instrument and Control Engineers of Japan, SICE 2017
Y2 - 19 September 2017 through 22 September 2017
ER -