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Article: Stability of electricity market with cyclic load demand

TitleStability of electricity market with cyclic load demand
Authors
KeywordsDifference system
Periodic
Power market
Stability
Ultimate bound
Issue Date2006
PublisherZhongguo Dianji Gongcheng Xuehui. The Journal's web site is located at http://www.dwjs.com.cn
Citation
Zhongguo Dianji Gongcheng Xuebao/Proceedings Of The Chinese Society Of Electrical Engineering, 2006, v. 26 n. 24, p. 12-17 How to Cite?
AbstractThe purpose is to investigate the stability of electricity market. Some characteristics, such as the instantaneously clearing of power market, the cyclic pattern of load demand and discrete biding strategy, are considered in this work. The electricity market is thus described as a nonlinear, nonautonomous, periodic difference system. To obtain the stable conditions of power market, several lemmas that a dynamic difference system has a unique bounded periodic solution are proved, and the ultimate bound can also be estimated with one of these lemmas. Based on the model and lemmas presented, a sufficient condition for the stability of the power market is derived, and the ultimate bound of the price is also estimated. Numerical simulation results validate the proposed models and stability conditions.
Persistent Identifierhttp://hdl.handle.net/10722/155354
ISSN
2015 SCImago Journal Rankings: 0.881
References

 

DC FieldValueLanguage
dc.contributor.authorHou, YHen_HK
dc.contributor.authorWu, FFen_HK
dc.date.accessioned2012-08-08T08:33:02Z-
dc.date.available2012-08-08T08:33:02Z-
dc.date.issued2006en_HK
dc.identifier.citationZhongguo Dianji Gongcheng Xuebao/Proceedings Of The Chinese Society Of Electrical Engineering, 2006, v. 26 n. 24, p. 12-17en_HK
dc.identifier.issn0258-8013en_HK
dc.identifier.urihttp://hdl.handle.net/10722/155354-
dc.description.abstractThe purpose is to investigate the stability of electricity market. Some characteristics, such as the instantaneously clearing of power market, the cyclic pattern of load demand and discrete biding strategy, are considered in this work. The electricity market is thus described as a nonlinear, nonautonomous, periodic difference system. To obtain the stable conditions of power market, several lemmas that a dynamic difference system has a unique bounded periodic solution are proved, and the ultimate bound can also be estimated with one of these lemmas. Based on the model and lemmas presented, a sufficient condition for the stability of the power market is derived, and the ultimate bound of the price is also estimated. Numerical simulation results validate the proposed models and stability conditions.en_HK
dc.languageengen_US
dc.publisherZhongguo Dianji Gongcheng Xuehui. The Journal's web site is located at http://www.dwjs.com.cnen_HK
dc.relation.ispartofZhongguo Dianji Gongcheng Xuebao/Proceedings of the Chinese Society of Electrical Engineeringen_HK
dc.subjectDifference systemen_HK
dc.subjectPeriodicen_HK
dc.subjectPower marketen_HK
dc.subjectStabilityen_HK
dc.subjectUltimate bounden_HK
dc.titleStability of electricity market with cyclic load demanden_HK
dc.typeArticleen_HK
dc.identifier.emailHou, YH: yhhou@hku.hken_HK
dc.identifier.emailWu, FF: ffwu@eee.hku.hken_HK
dc.identifier.authorityHou, YH=rp00069en_HK
dc.identifier.authorityWu, FF=rp00194en_HK
dc.description.naturelink_to_subscribed_fulltexten_US
dc.identifier.scopuseid_2-s2.0-33847302862en_HK
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-33847302862&selection=ref&src=s&origin=recordpageen_HK
dc.identifier.volume26en_HK
dc.identifier.issue24en_HK
dc.identifier.spage12en_HK
dc.identifier.epage17en_HK
dc.publisher.placeChinaen_HK
dc.identifier.scopusauthoridHou, YH=7402198555en_HK
dc.identifier.scopusauthoridWu, FF=7403465107en_HK

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