Passivity-Short-based Stability Analysis on Electricity Market Trading System Considering Negative Price

Keita Muto, Toru Namerikawa, Zhihua Qu

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

2 Citations (Scopus)

Abstract

This paper deals with a distributed decision method for determining the electricity price considering the negative price in the market trading. In addition, we analyze the stability and convergence properties for the market trading system using the concept of passivity-short. At first, mathematical models of market participants' behavior which maximize their own profits are discussed. Then, we construct a trading system based on dynamic pricing considering plug and play operation that each market participant intermittently participates in market trading. As for the optimal electricity price, even if the optimal price might be negative, we indicate the stability of the system can be guaranteed by using passivity-short which is a relaxed concept of passivity. Finally, numerical simulation results illustrate that each value decided by the market trading converges to the optimal value.

Original languageEnglish
Title of host publication2018 IEEE Conference on Control Technology and Applications, CCTA 2018
PublisherInstitute of Electrical and Electronics Engineers Inc.
Pages418-423
Number of pages6
ISBN (Electronic)9781538676981
DOIs
Publication statusPublished - 2018 Oct 26
Event2nd IEEE Conference on Control Technology and Applications, CCTA 2018 - Copenhagen, Denmark
Duration: 2018 Aug 212018 Aug 24

Other

Other2nd IEEE Conference on Control Technology and Applications, CCTA 2018
CountryDenmark
CityCopenhagen
Period18/8/2118/8/24

ASJC Scopus subject areas

  • Aerospace Engineering
  • Control and Optimization
  • Automotive Engineering
  • Safety, Risk, Reliability and Quality

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  • Cite this

    Muto, K., Namerikawa, T., & Qu, Z. (2018). Passivity-Short-based Stability Analysis on Electricity Market Trading System Considering Negative Price. In 2018 IEEE Conference on Control Technology and Applications, CCTA 2018 (pp. 418-423). [8511465] Institute of Electrical and Electronics Engineers Inc.. https://doi.org/10.1109/CCTA.2018.8511465