An H∞ design for dynamic pricing in the smart grid

Chiu, Wei-yu; Sun, Hongjian; Poor, H. Vincent

Abstract

An H∞ design for dynamic pricing in the smart grid is proposed. This design jointly considers the operation of a distribution network operator and a market operator. In the design, a ratio of the regulated output energy to the disturbance energy is minimized to address the worst-case scenario. Linear matrix inequality approaches are used to formulate the design problem as a convex problem. Fuzzy interpolation techniques are integrated into the design procedure so that nonlinear grid dynamics can be addressed. In contrast with existing designs, the proposed design can yield a more reliable and practical pricing scheme as shown via simulations.

Citation

Chiu, W.-Y., Sun, H., & Poor, H. V. (2015, December). An H∞ design for dynamic pricing in the smart grid. Presented at 2015 10th Asian Control Conference (ASCC), Sabah, Malaysia

• Presentation Conference Type: Conference Paper (published)
• Conference Name: 2015 10th Asian Control Conference (ASCC)
• Acceptance Date: Jul 16, 2015
• Publication Date: Jun 3, 2015
• Deposit Date: Oct 8, 2015
• Publicly Available Date: Oct 14, 2015
• Publisher: Institute of Electrical and Electronics Engineers
• Pages: 1-6
• Book Title: Proceedings of the 10th Asian Control Conference (ASCC), 2015: 'Emerging control techniques for a sustainable world'..
• DOI: https://doi.org/10.1109/ascc.2015.7244790
• Keywords: Dynamic pricing, LMI approaches, Fuzzy systems, Smart grid
• Public URL: https://durham-repository.worktribe.com/output/1153412
• Additional Information: Date of Conference: May 31 2015-June 3 2015.