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Numerical Algorithm for Solving Market Clearing Problem in Power Electronics-Based Power Distribution Systems
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DOI：10.1109/OAJPE.2024.3501575.png)
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Market-based control is a control approach that can be used to organize resource control problems by establishing an artificial market economy for the allocation of these resources. In such system, the set of market-clearing prices is the set of prices that result in an equilibrium between demanded and supplied resources throughout the system. In this paper, a new method has been proposed for solving the market-clearing problem, the problem of determining the market-clearing prices. The algorithm is applied on a complex representative power system and three simplified power systems based on the representative system under different operational scenarios. The proposed method is compared with existing reference root-finding algorithms. The comparison illustrates the proposed algorithm's ability to address the numerical challenges the market-clearing problem poses. Dynamic simulation has been used to demonstrate the efficacy of the proposed algorithm in clearing the market in a wide range of dynamic conditions.
Keyword:
Heuristic algorithms
Optimization
Generators
Power generation
Power system dynamics
Power distribution
Vectors
Costs
Wind forecasting
Vehicle dynamics
Root-finding
Monte-Carlo
Jacobian
Broyden
Newton-Raphson
price
期刊
I
IF:
3.2
论文数:
400
被引数:
826
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