Cart (Loading....) | Create Account
Close category search window
 

Control theory application in power market stability analysis

Sign In

Cookies must be enabled to login.After enabling cookies , please use refresh or reload or ctrl+f5 on the browser for the login options.

Formats Non-Member Member
$31 $13
Learn how you can qualify for the best price for this item!
Become an IEEE Member or Subscribe to
IEEE Xplore for exclusive pricing!
close button

puzzle piece

IEEE membership options for an individual and IEEE Xplore subscriptions for an organization offer the most affordable access to essential journal articles, conference papers, standards, eBooks, and eLearning courses.

Learn more about:

IEEE membership

IEEE Xplore subscriptions

3 Author(s)
Youfei Liu ; Dept. of Electr. & Electron. Eng., Hong Kong Univ., China ; Ni, Y.X. ; Wu, F.F.

This paper proposes a new framework to model the system dynamics and study the system stability for the quantity bidding competition in power market. From the viewpoint of control theory, the quantity bidding competition is modeled as close-loop dynamic system, where market price is the system feedback signal. Based on the objective of maximizing individual profit in a shot-game, a general dynamic process is given to describe supplier's adjustment behavior, which can be used to model all classical bidding and CV-based bidding strategies. With the application of control theory, sufficient stability conditions and market equilibrium is presented. Computer test results support the analytic conclusion very well.

Published in:

Electric Utility Deregulation, Restructuring and Power Technologies, 2004. (DRPT 2004). Proceedings of the 2004 IEEE International Conference on  (Volume:2 )

Date of Conference:

5-8 April 2004

Need Help?


IEEE Advancing Technology for Humanity About IEEE Xplore | Contact | Help | Terms of Use | Nondiscrimination Policy | Site Map | Privacy & Opting Out of Cookies

A not-for-profit organization, IEEE is the world's largest professional association for the advancement of technology.
© Copyright 2014 IEEE - All rights reserved. Use of this web site signifies your agreement to the terms and conditions.