Dynamic electricity pricing via the H∞ control considering uncertainties in market participants´ behavior

This paper deals with a dynamic pricing via the H_∞ control considering uncertainties in market participants´ behavior. The dynamic pricing is a decision procedure of an electricity price based on power demand and supply information from selfish power consumers and generators. However, since market participants have uncertainties in their behavior, the price decision procedure is required to have robustness against these uncertainties for stable operation of power systems. Then, in this paper, we propose a novel price decision procedure via the H_∞ control and also show the effectiveness of our proposed price decision method in simulation results.