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.
Department of Mathematics, University of Bayreuth, School of Electrical Engineering and Computer Science, University of Newcastle, Australia, Technische Universität Ilmenau
Bayreuth
,
2015
. - 4 S.
![]() |
|
||||||||
Download (252kB)
|
Project information
Project title: |
|
||||||
---|---|---|---|---|---|---|---|
Project financing: |
Deutsche Forschungsgemeinschaft |
Abstract
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
Item Type: | Preprint, postprint |
---|---|
Keywords: | noncooperative distributed optimization; smart grid; model predictive control |
DDC Subjects: | 500 Science > 510 Mathematics |
Institutions of the University: | Faculties Faculties > Faculty of Mathematics, Physics und Computer Science Faculties > Faculty of Mathematics, Physics und Computer Science > Department of Mathematics Faculties > Faculty of Mathematics, Physics und Computer Science > Department of Mathematics > Chair Mathematics V (Applied Mathematics) Faculties > Faculty of Mathematics, Physics und Computer Science > Department of Mathematics > Chair Mathematics V (Applied Mathematics) > Chair Mathematics V (Applied Mathematics) - Univ.-Prof. Dr. Lars Grüne Profile Fields Profile Fields > Advanced Fields Profile Fields > Advanced Fields > Nonlinear Dynamics |
Language: | English |
Originates at UBT: | Yes |
URN: | urn:nbn:de:bvb:703-epub-2078-4 |
Date Deposited: | 23 Jun 2015 07:40 |
Last Modified: | 28 Mar 2019 15:16 |
URI: | https://epub.uni-bayreuth.de/id/eprint/2078 |