Title :
A game-theoretical model predictive control framework for electricity markets
Author :
Kannan, Aswin ; Zavala, Victor M.
Abstract :
We present a game-theoretical model predictive control (MPC) framework for competitive electricity markets. We demonstrate that an MPC construct can be used to systematically analyze the effects of ramp constraints, initial conditions, dynamic disturbances, forecast horizon length, market manipulation, and bidding frequency on market performance. We illustrate the capabilities of the framework using a numerical case study.
Keywords :
game theory; power markets; power system control; predictive control; bidding frequency; competitive electricity market; dynamic disturbance; game theory; horizon length forecast; initial condition; market manipulation; market performance; model predictive control; ramp constraint; Analytical models; Games; Generators; Predictive models; Production; Real time systems; Steady-state;
Conference_Titel :
Communication, Control, and Computing (Allerton), 2011 49th Annual Allerton Conference on
Conference_Location :
Monticello, IL
Print_ISBN :
978-1-4577-1817-5
DOI :
10.1109/Allerton.2011.6120315
