Title data
Braun, Philipp ; Grüne, Lars ; Kellett, Christopher M. ; Weller, Steven R. ; Worthmann, Karl:
A real-time pricing scheme for residential energy systems using a market maker.
In:
The Institution of Engineers Australia
(ed.):
Proceedings of 2015 Australian Control Conference (AUCC). -
Barton, Australia
,
2015
. - pp. 259-262
ISBN 978-1-4673-9552-6
This is the latest version of this item.
Related URLs
Project information
Project title: |
Project's official title Project's id DFG Priority Program 1305 "Control theory for digitally networked dynamical systems", Project "Performance Analysis for Distributed and Multiobjective Model Predictive Control" GR1569/13-1 ARC Future Fellowship FT1101000746 |
---|---|
Project financing: |
Deutsche Forschungsgemeinschaft ARC |
Abstract in another language
Voltage rise is an undesirable side-effect of solar photovoltaic (PV) generation, arising from the flow of surplus electrical power back into the grid when PV generation exceeds local demand. Customers deploying residential-scale battery storage are likely to further exacerbate voltage rise problems for electrical utilities unless the charge/discharge schedules of batteries is appropriately coordinated. In this paper, we present a real-time pricing mechanism for use in a network of distributed residential energy systems (RESs), each employing solar PV generation and battery storage. The pricing mechanism proposed in this paper is based on a Market Maker algorithm in which predicted power profiles and real-time pricing information is iteratively exchanged between a central entity and each of the RESs. The Market Maker formulation presented in this paper is shown via simulation studies to converge to a fixed price vector, thereby reducing the price volatility observed in an earlier formulation, while achieving the same reduction in power usage variability as a centralised model predictive control (MPC) scheme presented previously.
Further data
Available Versions of this Item
-
A real-time pricing scheme for residential energy systems using a
market maker. (deposited 27 Jun 2015 21:00)
- A real-time pricing scheme for residential energy systems using a market maker. (deposited 14 Jan 2016 11:40) [Currently Displayed]