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

Fingerprint

Electricity Market
Power Flow
Passivity
Electricity
Pricing
Stability Analysis
Generator
Dynamic Pricing
Costs
Asymptotically Stable
Market
Power markets
Electricity pricing
Stability analysis
Electricity market
Market power
Trading systems

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

Passivity-based stability analysis of dynamic electricity pricing with power flow. / Okawa, Yoshihiro; Namerikawa, Toru; Qu, Zhihua.

2017 IEEE 56th Annual Conference on Decision and Control, CDC 2017. Vol. 2018-January Institute of Electrical and Electronics Engineers Inc., 2018. p. 813-818.

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

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, Institute of Electrical and Electronics Engineers Inc., pp. 813-818, 56th IEEE Annual Conference on Decision and Control, CDC 2017, Melbourne, Australia, 17/12/12. https://doi.org/10.1109/CDC.2017.8263760
Okawa Y, Namerikawa T, Qu Z. 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. Institute of Electrical and Electronics Engineers Inc. 2018. p. 813-818 https://doi.org/10.1109/CDC.2017.8263760
Okawa, Yoshihiro ; Namerikawa, Toru ; Qu, Zhihua. / Passivity-based stability analysis of dynamic electricity pricing with power flow. 2017 IEEE 56th Annual Conference on Decision and Control, CDC 2017. Vol. 2018-January Institute of Electrical and Electronics Engineers Inc., 2018. pp. 813-818
@inproceedings{50ac41f749664563b159d15eef39cb4b,
title = "Passivity-based stability analysis of dynamic electricity pricing with power flow",
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.",
author = "Yoshihiro Okawa and Toru Namerikawa and Zhihua Qu",
year = "2018",
month = "1",
day = "18",
doi = "10.1109/CDC.2017.8263760",
language = "English",
volume = "2018-January",
pages = "813--818",
booktitle = "2017 IEEE 56th Annual Conference on Decision and Control, CDC 2017",
publisher = "Institute of Electrical and Electronics Engineers Inc.",

}

TY - GEN

T1 - Passivity-based stability analysis of dynamic electricity pricing with power flow

AU - Okawa, Yoshihiro

AU - Namerikawa, Toru

AU - Qu, Zhihua

PY - 2018/1/18

Y1 - 2018/1/18

N2 - 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.

AB - 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.

UR - http://www.scopus.com/inward/record.url?scp=85046139330&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=85046139330&partnerID=8YFLogxK

U2 - 10.1109/CDC.2017.8263760

DO - 10.1109/CDC.2017.8263760

M3 - Conference contribution

AN - SCOPUS:85046139330

VL - 2018-January

SP - 813

EP - 818

BT - 2017 IEEE 56th Annual Conference on Decision and Control, CDC 2017

PB - Institute of Electrical and Electronics Engineers Inc.

ER -