A Preliminary Implementation on Pricing Mechanisms for Electric Resource Control Markets

Author

Fukuta, Naoki

Author_Institution

Grad. Sch. of Inf., Shizuoka Univ., Hamamatsu, Japan

fYear

2013

fDate

16-18 Dec. 2013

Firstpage

338

Lastpage

342

Abstract

In this paper, I discuss about a preliminary idea and its implementation of an auction-based dynamic electric power resource allocation framework that utilizes certain tractable pricing mechanisms, which can cover middle-scale smart grids, e.g., grids for manufacturing industries in a small city with several power suppliers. I illustrate how such an auction-based pricing mechanism can be modeled as a variant of reserve price biddings on multi-unit combinatorial auctions when we consider the allocation of aggregated electricity in a day, considering electricity generation costs on the power suppliers.

Keywords

commerce; power markets; pricing; smart power grids; aggregated electricity allocation; auction-based dynamic electric power resource allocation framework; auction-based pricing mechanism; electric resource control markets; electricity generation costs; middle-scale smart grids; multiunit combinatorial auctions; power suppliers; reserve price biddings; tractable pricing mechanisms; Approximation algorithms; Approximation methods; Conferences; Electricity; Power systems; Pricing; Resource management; auction; pricing mechanism; smart grids;

fLanguage

English

Publisher

ieee

Conference_Titel

Service-Oriented Computing and Applications (SOCA), 2013 IEEE 6th International Conference on

Conference_Location

Koloa, HI

Print_ISBN

978-1-4799-2701-2

Type

conf

DOI

10.1109/SOCA.2013.53

Filename

6717329