Passivity-based stability analysis of dynamic electricity pricing with power flow

Yoshihiro Okawa, Toru Namerikawa, Zhihua Qu

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

3 Citations (Scopus)

Abstract

This paper deals with passivity-based stability analysis of dynamic electricity pricing considering power flow. In the near future electricity market, power consumers and generators will participate in electricity market trading as market players. For such a market trading system, the dynamic pricing procedure is required to consider the intermittent participation of power consumers and generators. Then, this paper discusses the stability of the electricity market trading system including power flow using passivity analysis. This paper also shows that the optimal power demand, supply and electricity prices are asymptotically stable and these values are derived in a distributed manner through market trading.

Original languageEnglish
Title of host publication2017 IEEE 56th Annual Conference on Decision and Control, CDC 2017
PublisherInstitute of Electrical and Electronics Engineers Inc.
Pages813-818
Number of pages6
Volume2018-January
ISBN (Electronic)9781509028733
DOIs
Publication statusPublished - 2018 Jan 18
Event56th IEEE Annual Conference on Decision and Control, CDC 2017 - Melbourne, Australia
Duration: 2017 Dec 122017 Dec 15

Other

Other56th IEEE Annual Conference on Decision and Control, CDC 2017
CountryAustralia
CityMelbourne
Period17/12/1217/12/15

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ASJC Scopus subject areas

  • Decision Sciences (miscellaneous)
  • Industrial and Manufacturing Engineering
  • Control and Optimization

Cite this

Okawa, Y., Namerikawa, T., & Qu, Z. (2018). Passivity-based stability analysis of dynamic electricity pricing with power flow. In 2017 IEEE 56th Annual Conference on Decision and Control, CDC 2017 (Vol. 2018-January, pp. 813-818). Institute of Electrical and Electronics Engineers Inc.. https://doi.org/10.1109/CDC.2017.8263760