Proceedings of the Annual Conference of the Institute of Systems, Control and Information Engineers
The 46th Annual Conference of the Institute of Systems, Control and Information Engineers
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Modeling of an Auction System in Deregulated Power Markets
Kazuya HashimotoKeinosuke MatsumotoNaoki MoriMasashi KitayamaYoshio Izui
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Pages 200

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Abstract
Computational markets have been suggested as a solution to resource allocation, scheduling, and optimization problems. This paper describes how computational markets can be used to handle the application of demand side management. Demand side management enables electric power suppliers to reduce peak loads and thereby save money. A load is any device that cousumes electric energy in this situation. Due to the large number of different, loads, demand side management, is a complicated optimization problem by using evaluation functions of electric power marketers. This approach provides us with an on-line estimaion of the functions. In addition to them, it can deal with time-variable tendency of customers.
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© 2002 The Institute of Systems, Control and Information Engineers
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