Optimal Balancing Transaction Mechanism for Dynamic Storage Management in Smart Grid

Takayuki Shimizu; Yasuaki Wasa; Kenko Uchida

doi:10.1109/CCTA49430.2022.9966146

Optimal Balancing Transaction Mechanism for Dynamic Storage Management in Smart Grid

Takayuki Shimizu, Yasuaki Wasa, Kenko Uchida

School of Advanced Science and Engineering

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution

Abstract

This paper proposes an optimal balancing transaction mechanism for dynamic storage management in smart grids in order to minimize the imbalance penalty charge of the grid in the wholesale electricity market. The proposed mechanism guarantees that the optimal power charge control profiles of the storage devices constitute a dynamic market equilibrium with a real-time pricing mechanism in a distributed fashion. Under the linear-quadratic dynamic grid model, the optimal design of the reference adjustment to modify the real-time pricing mechanism is analytically derived. The effectiveness of our proposed mechanism is also illustrated through simulation with real demand data.

Original language	English
Title of host publication	2022 IEEE Conference on Control Technology and Applications, CCTA 2022
Publisher	Institute of Electrical and Electronics Engineers Inc.
Pages	213-218
Number of pages	6
ISBN (Electronic)	9781665473385
DOIs	https://doi.org/10.1109/CCTA49430.2022.9966146
Publication status	Published - 2022
Event	2022 IEEE Conference on Control Technology and Applications, CCTA 2022 - Trieste, Italy Duration: 2022 Aug 23 → 2022 Aug 25

Publication series

Name	2022 IEEE Conference on Control Technology and Applications, CCTA 2022

Conference

Conference	2022 IEEE Conference on Control Technology and Applications, CCTA 2022
Country/Territory	Italy
City	Trieste
Period	22/8/23 → 22/8/25

ASJC Scopus subject areas

Computer Science Applications
Automotive Engineering
Control and Systems Engineering
Control and Optimization

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1109/CCTA49430.2022.9966146

Cite this

Shimizu, T., Wasa, Y., & Uchida, K. (2022). Optimal Balancing Transaction Mechanism for Dynamic Storage Management in Smart Grid. In 2022 IEEE Conference on Control Technology and Applications, CCTA 2022 (pp. 213-218). (2022 IEEE Conference on Control Technology and Applications, CCTA 2022). Institute of Electrical and Electronics Engineers Inc.. https://doi.org/10.1109/CCTA49430.2022.9966146

Optimal Balancing Transaction Mechanism for Dynamic Storage Management in Smart Grid. / Shimizu, Takayuki; Wasa, Yasuaki; Uchida, Kenko.

2022 IEEE Conference on Control Technology and Applications, CCTA 2022. Institute of Electrical and Electronics Engineers Inc., 2022. p. 213-218 (2022 IEEE Conference on Control Technology and Applications, CCTA 2022).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution

Shimizu, T, Wasa, Y & Uchida, K 2022, Optimal Balancing Transaction Mechanism for Dynamic Storage Management in Smart Grid. in 2022 IEEE Conference on Control Technology and Applications, CCTA 2022. 2022 IEEE Conference on Control Technology and Applications, CCTA 2022, Institute of Electrical and Electronics Engineers Inc., pp. 213-218, 2022 IEEE Conference on Control Technology and Applications, CCTA 2022, Trieste, Italy, 22/8/23. https://doi.org/10.1109/CCTA49430.2022.9966146

Shimizu T, Wasa Y, Uchida K. Optimal Balancing Transaction Mechanism for Dynamic Storage Management in Smart Grid. In 2022 IEEE Conference on Control Technology and Applications, CCTA 2022. Institute of Electrical and Electronics Engineers Inc. 2022. p. 213-218. (2022 IEEE Conference on Control Technology and Applications, CCTA 2022). doi: 10.1109/CCTA49430.2022.9966146

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Optimal Balancing Transaction Mechanism for Dynamic Storage Management in Smart Grid

Abstract

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ASJC Scopus subject areas

UN SDGs

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