Optimal electricity pricing for societal infrastructure systems

Mahnoosh Alizadeh, Hoi To Wai, Andrea Goldsmith, Anna Scaglione

Research output: Chapter in Book/Report/Conference proceedingConference contribution

6 Scopus citations

Abstract

We develop a general framework for pricing electricity in order to optimally manage the electricity load of societal infrastructures that interact with power systems through their price-responsive electricity load. In such infrastructure systems, electricity is not the sole resource needed to serve users' needs. Examples include cloud computing infrastructure or electric transportation networks. In these cases, other shared networked resources such as charging stations or communication links and data centers are also required to serve users. Hence, pricing of electricity becomes intertwined to managing other congestible resources not priced by the power system operator, leading to a complex economic dispatch problem. For brevity of notation, our analysis is performed under a static setting. We discuss how the power system operator should model the effects of the mobility of loads and congestion in the infrastructure in the economic dispatch. We numerically study the performance of our algorithms using the example of a simple electric transportation network.

Original languageEnglish (US)
Title of host publicationProceedings of the 50th Annual Hawaii International Conference on System Sciences, HICSS 2017
EditorsTung X. Bui, Ralph Sprague
PublisherIEEE Computer Society
Pages3025-3033
Number of pages9
ISBN (Electronic)9780998133102
StatePublished - 2017
Event50th Annual Hawaii International Conference on System Sciences, HICSS 2017 - Big Island, United States
Duration: Jan 3 2017Jan 7 2017

Publication series

NameProceedings of the Annual Hawaii International Conference on System Sciences
Volume2017-January
ISSN (Print)1530-1605

Conference

Conference50th Annual Hawaii International Conference on System Sciences, HICSS 2017
Country/TerritoryUnited States
CityBig Island
Period1/3/171/7/17

All Science Journal Classification (ASJC) codes

  • Engineering(all)

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