Game-Based Feedback Control Design Toward Dynamic Energy Market

In the modern power grids, the energy market has been developing rapidly, along with the growth of multi-energy combined tradings. Consequently, studies of interactions behaviours between various agents (e.g., game theory) in the energy market becomes prevalent to properly analyze and regulate the energy market. However, most of existing works have been focusing on the equilibria analysis of static games, and little works have been done regarding designing feedback control on dynamic games, particularly when the system dynamics changes under disturbances. In this paper, a novel game-based feedback control design method is proposed using semi-tensor product (STP) of matrices. The state-space equations of the dynamic game is firstly derived considering the decision logics and interactive correlations between various agents in the energy market. Then, a novel set of mathematical derivations has been proposed to implement control on some agents such that the price of the energy market can be regulated despite of randomly changing states and potential disturbances to the decision making. Finally, a simulated energy market using the proposed STP game-based control is demonstrated, where the results are discussed and the effectiveness of the proposed method is validated.

Authors

Institutions

Publication Details

Journal
IEEE Transactions on Energy Markets Policy and Regulation
Published
2024-09-03
DOI
https://doi.org/10.1109/tempr.2024.3454234
Citations
3
Primary Topic
Smart Grid Energy Management
Type
article
Field-Weighted Citation Impact
0.63
Controls
|||
ALL TIME
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
article

Game-Based Feedback Control Design Toward Dynamic Energy Market

Yingzhe Jia, Jun‐e Feng, Vladimir Terzija, Wei Qiu et al.
3 citations
IEEE Transactions on Energy Markets Policy and Regulation
Smart Grid Energy Management
0.63
article

Game-Based Feedback Control Design Toward Dynamic Energy Market

Yingzhe Jia, Jun‐e Feng, Vladimir Terzija, Wei Qiu, Joseph H. W. Lee, Kaiqi Sun, Long Chen, Yuying Zhang, Yiliang Li
article en
3 citations

Abstract

In the modern power grids, the energy market has been developing rapidly, along with the growth of multi-energy combined tradings. Consequently, studies of interactions behaviours between various agents (e.g., game theory) in the energy market becomes prevalent to properly analyze and regulate the energy market. However, most of existing works have been focusing on the equilibria analysis of static games, and little works have been done regarding designing feedback control on dynamic games, particularly when the system dynamics changes under disturbances. In this paper, a novel game-based feedback control design method is proposed using semi-tensor product (STP) of matrices. The state-space equations of the dynamic game is firstly derived considering the decision logics and interactive correlations between various agents in the energy market. Then, a novel set of mathematical derivations has been proposed to implement control on some agents such that the price of the energy market can be regulated despite of randomly changing states and potential disturbances to the decision making. Finally, a simulated energy market using the proposed STP game-based control is demonstrated, where the results are discussed and the effectiveness of the proposed method is validated.

IEEE Transactions on Energy Markets Policy and RegulationVol. 2(4)
Hong Kong Polytechnic University (HK), Shandong University (CN), Hunan University (CN), State Grid Corporation of China (China) (CN), University of Macau (MO), Newcastle University (GB)
Affordable and clean energy
Openalex Percentile: Top 32%
Smart Grid Energy Management
0.63
AI Navigator

Ask Laika to Summarize, Analyze, and Connect papers live on the map.

Summarize Papers & Methodologies

Extract key findings, datasets, and comparative methods across publications.

Benchmark Rankings & Visual Analytics

Rank top research institutions, authors, funders, topics, and journals by Field-Weighted Citation Impact (FWCI) and paper volume with instant charts.

Connect Distant Disciplines

Bridge topological clusters on the map to find hidden collaborative intersections.