Passivity-Short-Based Stability Analysis On Electricity Market Trading System Considering Negative Price

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.

Publication Date

10-26-2018

Publication Title

2018 IEEE Conference on Control Technology and Applications, CCTA 2018

Number of Pages

418-423

Document Type

Article; Proceedings Paper

Personal Identifier

scopus

DOI Link

https://doi.org/10.1109/CCTA.2018.8511465

Socpus ID

85056809624 (Scopus)

Source API URL

https://api.elsevier.com/content/abstract/scopus_id/85056809624

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