A dynamic contract mechanism for risk-sharing management on interdependent electric power and gas supply networks

Yasuaki Wasa, Kenji Hirata, Kenko Uchida

研究成果: Conference contribution

5 被引用数 (Scopus)

抄録

This paper considers interdependent electric power and gas supply networks and investigates a dynamic contract mechanism between risk-averse prosumers and a risk-neutral aggregator. The aggregator tries to manage not only financial risks but also power energy and gas energy generated by the prosumers in the presence of uncertain and volatile risk of energy generation processes. The aggregator will determine an incentive condition required of the prosumers so as to indirectly control their actions preferable for the aggregator. We first formulate a novel dynamic contract problem, where each prosumer minimizes an exponential-type cost functional with risk aversion under energy dynamical systems. The problem is regarded as a principal-agent problem in contract theory and the prosumers' optimization problem can be reduced to a Linear Exponential Quadratic Gaussian dynamic game problem. Most part of the solution to the problem considered here can be obtained analytically, while we need to employ a numerical optimization technique to determine the aggregator's action. The effectiveness of the risk-sharing between aggregator and prosumers induced by the proposed mechanism is demonstrated through a simulation.

本文言語English
ホスト出版物のタイトル2017 Asian Control Conference, ASCC 2017
出版社Institute of Electrical and Electronics Engineers Inc.
ページ1222-1227
ページ数6
ISBN(電子版)9781509015733
DOI
出版ステータスPublished - 2018 2 7
イベント2017 11th Asian Control Conference, ASCC 2017 - Gold Coast, Australia
継続期間: 2017 12 172017 12 20

出版物シリーズ

名前2017 Asian Control Conference, ASCC 2017
2018-January

Other

Other2017 11th Asian Control Conference, ASCC 2017
国/地域Australia
CityGold Coast
Period17/12/1717/12/20

ASJC Scopus subject areas

  • 制御と最適化

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