Transactions of the Institute of Systems, Control and Information Engineers
Online ISSN : 2185-811X
Print ISSN : 1342-5668
ISSN-L : 1342-5668
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Spot Pricing of Electricity Market with Network Structure Composed of Consumers, Suppliers, and Transmission Companies
Yu KawanoEiji SawadaTakahiro YasuiToshiyuki Ohtsuka
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JOURNALS OPEN ACCESS

2017 Volume 30 Issue 9 Pages 366-372

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Abstract

In this paper, we propose a spot pricing method of an electrical network composed of consumers,suppliers, and transmission companies. The electricity pricing is formulated as a maximization problem of the sum of consumers surplus and profits of suppliers and transmission companies. If there exists a solution to the maximization problem, it is the unique solution for a system of differential algebraic equations with boundary conditions. A numerical simulation demonstrates that an electricity market consisting of two areas is designed to reduce the areal difference of electricity prices.

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© 2017 The Institute of Systems, Control and Information Engineers
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