Control theory application in power market stability analysis

Youfei Liu, Y. Ni, F. Wu
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引用次数: 11

Abstract

This paper proposes a new framework to model the system dynamics and study the system stability for the quantity bidding competition in power market. From the viewpoint of control theory, the quantity bidding competition is modeled as close-loop dynamic system, where market price is the system feedback signal. Based on the objective of maximizing individual profit in a shot-game, a general dynamic process is given to describe supplier's adjustment behavior, which can be used to model all classical bidding and CV-based bidding strategies. With the application of control theory, sufficient stability conditions and market equilibrium is presented. Computer test results support the analytic conclusion very well.
控制理论在电力市场稳定性分析中的应用
本文提出了一个新的电力市场数量竞价竞争系统动力学建模和系统稳定性研究框架。从控制理论的角度出发,将工程量招标竞争建模为闭环动态系统,其中市场价格为系统反馈信号。以个体利益最大化为目标,给出了一个描述供应商调整行为的一般动态过程,该过程可用于所有经典竞价策略和基于cv的竞价策略的建模。应用控制理论,给出了充分稳定条件和市场均衡。计算机试验结果很好地支持了分析结论。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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