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Price-based Control of Electrical Power Systems

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Intelligent Infrastructures

Part of the book series: Intelligent Systems, Control and Automation: Science and Engineering ((ISCA,volume 42))

Abstract

In this chapter we present the price-based control as a suitable approach to solve some of the challenging problems facing future, market-based power systems. On the example of economically optimal power balance and transmission network congestion control, we present how global objectives and constraints can in real-time be translated into time-varying prices which adequately reflect the current state of the physical system. Furthermore, we show how the price signals can be efficiently used for control purposes. Becoming the crucial control signals, the time-varying prices are employed to optimally shape, coordinate and synchronize local, profit-driven behaviors of producers/consumers to mutually reinforce and guarantee global objectives and constraints. The main focus in the chapter is on exploiting specific structural properties of the global system constraints in the synthesis of price-based controllers. The global constraints arise from sparse and highly structured power flow equations. Preserving this structure in the controller synthesis implies that the devised solutions can be implemented in a distributed fashion.

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Authors and Affiliations

  1. Department of Electrical Engineering, Eindhoven University of Technology, Eindhoven, The Netherlands

    A. Jokić, M. Lazar & P. P. J. van den Bosch

Authors
  1. A. Jokić
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  2. M. Lazar
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  3. P. P. J. van den Bosch
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Corresponding author

Correspondence to A. Jokić .

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Editors and Affiliations

  1. Faculty of Civil Engineering and, Geosciences, Delft University of Technology,, Stevinweg 1, Delft, 2628 CN, Netherlands

    Rudy R. Negenborn

  2. Fac. Technology, Policy & Management, Delft University of Technology, Delft, Netherlands

    Zofia Lukszo

  3. Fac. Mechanical, Maritime &, Materials Engineering, Delft University of Technology, Mekelweg 2, Delft, 2628 CD, Netherlands

    Hans Hellendoorn

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Jokić, A., Lazar, M., van den Bosch, P.P.J. (2010). Price-based Control of Electrical Power Systems. In: Negenborn, R., Lukszo, Z., Hellendoorn, H. (eds) Intelligent Infrastructures. Intelligent Systems, Control and Automation: Science and Engineering, vol 42. Springer, Dordrecht. https://doi.org/10.1007/978-90-481-3598-1_5

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  • DOI: https://doi.org/10.1007/978-90-481-3598-1_5

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  • Publisher Name: Springer, Dordrecht

  • Print ISBN: 978-90-481-3597-4

  • Online ISBN: 978-90-481-3598-1

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