A game-theoretical model predictive control framework for electricity markets

2011 49th Annual Allerton Conference on Communication, Control, and Computing, Allerton 2011

Volumn , Issue , 2011, Pages 1280-1285

  Kannan, Aswin ^a   Zavala, Victor M ^a  

^a NONE

Author keywords

[No Author keywords available]

Indexed keywords

COMPETITIVE ELECTRICITY MARKETS; ELECTRICITY MARKET; INITIAL CONDITIONS; MARKET MANIPULATION; MARKET PERFORMANCE; PREDICTIVE CONTROL; RAMP CONSTRAINTS;

COMMERCE; COMMUNICATION; GAME THEORY; PREDICTIVE CONTROL SYSTEMS;

MODEL PREDICTIVE CONTROL;

EID: 84856084237     PISSN: None     EISSN: None     Source Type: Conference Proceeding    
DOI: 10.1109/Allerton.2011.6120315     Document Type: Conference Paper

References (26)

1. F. Alvarado. The stability of power system markets. IEEE Transactions on Power Systems, 14:505-511, 1999.
2. F. Alvarado. Stability analysis of interconnected power systems coupled with market dynamics. IEEE Transactions on Power Systems, 16:695-701, 2001. (Pubitemid 33106116)
3. F. D' Amato. Industrial application of a model predictive control solution for power plant startups. IEEE International Conference on Control Applications, pages 243-248, 2006.
4. M. Anitescu. On solving mathematical programs with complementarity constraints as nonlinear programs. SIAM J. Optim., 15(4):1203-1236, 2005. (Pubitemid 41640645)
5. C. Aurora, L. Magni, R. Scattolini, P. Colombo, F. Pretolani, and G. Villa. Predictive control of thermal power plants. International Journal of Robust and Nonlinear Control, 14:415-433, 2004.
6. R. Baldick and W. Hogan. Capacity constrained supply function equilibrium models of electricity markets: Stability, nondecreasing constraints, and function space iterations. In University of California Energy Institute, 2002.
7. T. Basar and G.J. Olsder. Dynamic Noncooperative Game Theory. Classics in Applied Mathematics, SIAM, Philadelphia, 1999.
8. J. Bower and D. Bunn. Model-based comparisons of pool and bilateral markets for electricity. Energy Journal, 21(3):1-29, 2000. (Pubitemid 34278814)
9. R. Byrd, M. Hribar, and J. Nocedal. An interior point algorithm for large-scale nonlinear programming. SIAM J. Optim., 9(4):877-900 (electronic), 1999. Dedicated to John E. Dennis, Jr., on his 60th birthday.
10. A. J. Conejo, M. A. Plazas, R. Espinola, and A. B. Molina. Day-ahead electricity price forecasting using the wavelet transform and arima models. IEEE Transactions on Power Systems, 20(2):1035-1042, 2005. (Pubitemid 40699735)
11. S. P. Dirkse and M. C. Ferris. The PATH solver: A non-monotone stabilization scheme for mixed complementarity problems. CS-TR-1993- 1179, Department of Computer Science, University of Wisconsin at Madision, 1993.
12. R. S. Fang and A. K. David. Transmission congestion management in an electricity market. IEEE Transactions on Power Systems, 14(3):877-883, 1999.
13. R. Fletcher and S. Leyffer. Numerical experience with solving MPECs as NLPs, 2002.
14. P. Giabardo and M. Zugno. Competitive Bidding and Stability Analysis in Electricity Markets Using Control Theory. Ph.D.thesis, Technical University of Denmark, Denmark, 2008.
15. P. Giabardo, M. Zugno, P. Pinson, and H. Madsen. Feedback, competition and stochasticity in a day ahead electricity market. Energy Economics, 32:292-301, 2010.
16. B. F. Hobbs, C. B. Metzler, and J-S. Pang. Strategic gaming analysis for electric power systems: An MPEC approach. IEEE Transactions on Power Systems, 15:638-645, 2000.
17. R. Kamat and S. Oren. Two-settlement systems for electricity markets under network uncertainty and market power. Journal of Regulatory Economics, 25(1):5-37, 2004. (Pubitemid 39072578)
18. S. Leyffer and T. Munson. Solving multi-leader-common-follower games. Optimization Methods Software, 25(4):601-623, 2010.
19. S. S. Oren and A. M. Ross. Can we prevent the gaming of ramp constraints? Decis. Support Syst., 40(3-4):461-471, 2005.
20. P. Skantze, A. Gubina, and M. Ilic. Bid-based stochastic model for electricity prices: The impact of fundamental drivers on market dynamics. Technical Report EL 00-004, Massachussets Institute of Technology, 2000.
21. D. P. Timo and G. W. Sarney. The operation of large steam turbines to limit cyclic thermal cracking. In ASME Winter Annual Meeting and Energy Systems Exposition.
22. D. Veit, A. Weidlich, J. Yao, and S. Oren. Simulating the dynamics in two-settlement electricity markets via an agent-based approach. International Journal of Management Science and Engineering Management, 1(2):83-97, 2006.
23. M. Ventosa, A. Baillo, A. Ramos, and M. Rivier. Electricity market modeling trends. Energy Policy, 33:897-913, 2005. (Pubitemid 40014538)
24. A. Wächter and L. T. Biegler. On the implementation of a primaldual interior point filter line search algorithm for large-scale nonlinear programming. Mathematical Programming, 106:25-57, 2006. (Pubitemid 41813168)
25. C. Wang and S. M. Shahidehpour. Effects of ramp-rate limits on unit commitment and economic dispatch. IEEE Transactions on Power Systems, 8:1341-1350, 1993.
26. J. Yao, S. Oren, and I. Adler. Computing Cournot equilibria in two settlement electricity markets with transmission constraints. In Proceeding of the 38th Hawaii International Conference on Systems Sciences (HICSS 38). Big Island, Hawaii, 2004.