Multi-Period Regional Energy Management Based on Dynamic Pricing with Non-Deficit Real-Time Market Trading

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Author(s)

    • OKAWA Yoshihiro
    • School of Integrated Design Engineering, Graduate School of Science and Technology, Keio University|JST-CREST
    • NAMERIKAWA Toru
    • School of Integrated Design Engineering, Graduate School of Science and Technology, Keio University|JST-CREST

Abstract

This paper deals with a regional demand response method based on dynamic electricity pricing in a multi-period energy market. In the proposed method, first, the power supply and demand in each area are determined considering power flow using the retail and wholesale electricity prices in a day-ahead market. Next, in a real-time market, the proposed method adjusts to power deviations caused by errors in power generation with power demand reduction by consumers and increased power supply from balancing generators. In addition, in order to guarantee the non-deficiency in the real-time market trading, the incentive and penalty price design methods are discussed in this paper. This paper also shows a distributed algorithm for obtaining the optimal values of each market player in both the day-ahead and real-time markets, and finally, numerical simulation results demonstrate the effectiveness of the proposed method.

Journal

  • SICE Journal of Control, Measurement, and System Integration

    SICE Journal of Control, Measurement, and System Integration 9(5), 207-215, 2016

    The Society of Instrument and Control Engineers

Codes

  • NII Article ID (NAID)
    130005433219
  • Text Lang
    ENG
  • ISSN
    1882-4889
  • Data Source
    J-STAGE 
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