Optimal pricing of electricity by aggregator for demand adjustment of each consumer having appliances

Keita Muto, Yoshihiro Okawa, Toru Namerikawa

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

Abstract

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.

Original languageEnglish
Title of host publication2017 56th Annual Conference of the Society of Instrument and Control Engineers of Japan, SICE 2017
PublisherInstitute of Electrical and Electronics Engineers Inc.
Pages1246-1251
Number of pages6
Volume2017-November
ISBN (Electronic)9784907764579
DOIs
Publication statusPublished - 2017 Nov 10
Event56th Annual Conference of the Society of Instrument and Control Engineers of Japan, SICE 2017 - Kanazawa, Japan
Duration: 2017 Sep 192017 Sep 22

Other

Other56th Annual Conference of the Society of Instrument and Control Engineers of Japan, SICE 2017
CountryJapan
CityKanazawa
Period17/9/1917/9/22

Keywords

  • Aggregator
  • Demand Response
  • Optimal Pricing

ASJC Scopus subject areas

  • Computer Science Applications
  • Control and Optimization
  • Control and Systems Engineering
  • Instrumentation

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  • Cite this

    Muto, K., Okawa, Y., & Namerikawa, T. (2017). Optimal pricing of electricity by aggregator for demand adjustment of each consumer having appliances. In 2017 56th Annual Conference of the Society of Instrument and Control Engineers of Japan, SICE 2017 (Vol. 2017-November, pp. 1246-1251). Institute of Electrical and Electronics Engineers Inc.. https://doi.org/10.23919/SICE.2017.8105505