Distributed dynamic pricing with alternating decision making of market players

Yoshihiro Okawa, Toru Namerikawa

研究成果: Conference contribution

2 被引用数 (Scopus)

抄録

This paper deals with a distributed decision procedure for determining the electricity price for a future smart grid. In order to derive the optimal regional prices and improve the convergence speed of the algorithm without private information of market players, we propose a price decision algorithm with an alternating decision making of market players. In this paper, we show that the optimal regional prices derived by using our proposed algorithm maximize the social welfare of power networks which includes profits of power consumers and power suppliers with renewable energy generators. Also, we discuss the convergence property of the proposed price decision algorithm. Finally, the feasibility of our proposed dynamic pricing methodology is shown with numerical simulation results.

本文言語English
ホスト出版物のタイトル2015 54th Annual Conference of the Society of Instrument and Control Engineers of Japan, SICE 2015
出版社Institute of Electrical and Electronics Engineers Inc.
ページ888-893
ページ数6
ISBN(印刷版)9784907764487
DOI
出版ステータスPublished - 2015 9 30
イベント54th Annual Conference of the Society of Instrument and Control Engineers of Japan, SICE 2015 - Hangzhou, China
継続期間: 2015 7 282015 7 30

Other

Other54th Annual Conference of the Society of Instrument and Control Engineers of Japan, SICE 2015
国/地域China
CityHangzhou
Period15/7/2815/7/30

ASJC Scopus subject areas

  • 制御およびシステム工学

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