An approximate dynamic integration mechanism for LQ power networks with multi-time scale structures

Toshiyuki Murao, Kenji Hirata, Kenko Uchida

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

    1 Citation (Scopus)

    Abstract

    This paper investigates a dynamic integration mechanism with a multi-time scale structure via economic theory for a power network system. The participant in the power network is divided into two kind of players, that are generators and/or consumers, called agents, and one public commission, called utility. In the power network, the dynamics of agents converges much faster than that of the utility. In this setting, based on singularly perturbation theory, we discuss the public control law that can maximize social welfare for the whole power network. Inspired by the transfer function in mechanism design theory, we design an approximate dynamic mechanism that integrates strategic determinations of private controls by the rational agents into the optimal public controls with real time pricings imposing monetary transfer costs. The proposed dynamic integration mechanism with a multi-time scale structure aims for both social welfare maximization and incentive compatibility.

    Original languageEnglish
    Title of host publication2016 European Control Conference, ECC 2016
    PublisherInstitute of Electrical and Electronics Engineers Inc.
    Pages202-209
    Number of pages8
    ISBN (Electronic)9781509025916
    DOIs
    Publication statusPublished - 2017 Jan 6
    Event2016 European Control Conference, ECC 2016 - Aalborg, Denmark
    Duration: 2016 Jun 292016 Jul 1

    Other

    Other2016 European Control Conference, ECC 2016
    CountryDenmark
    CityAalborg
    Period16/6/2916/7/1

    ASJC Scopus subject areas

    • Control and Systems Engineering
    • Control and Optimization

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  • Cite this

    Murao, T., Hirata, K., & Uchida, K. (2017). An approximate dynamic integration mechanism for LQ power networks with multi-time scale structures. In 2016 European Control Conference, ECC 2016 (pp. 202-209). [7810287] Institute of Electrical and Electronics Engineers Inc.. https://doi.org/10.1109/ECC.2016.7810287