Dynamic energy pricing by closed-loop fractional-order PI control system and energy balancing in smart grid energy markets

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dc.authoridKAYGUSUZ, ASİM/0000-0003-2905-1816
dc.authoridAlagoz, Baris Baykant/0000-0001-5238-6433
dc.authorwosidKAYGUSUZ, ASİM/C-2265-2015
dc.authorwosidAlagoz, Baris Baykant/ABG-8526-2020
dc.contributor.authorAlagoz, B. Baykant
dc.contributor.authorKaygusuz, Asim
dc.date.accessioned2024-08-04T20:41:39Z
dc.date.available2024-08-04T20:41:39Z
dc.date.issued2016
dc.departmentİnönü Üniversitesien_US
dc.description.abstractThis study investigates dynamic energy price regulation by a closed-loop fractional-order PI control system and presents a possible application for the automated energy balancing in smart grid energy markets. A persistent balance of energy demand and generation is a substantial problem for future smart grids due to the uncertainty and high fluctuation in the generation of distributed renewable energy sources and elastic demand conditions. Dynamic energy pricing is an effective strategy to balance flexible energy markets and it can provide the best energy price that balances energy demand and generation. We numerically demonstrate that closed-loop generation control by using dynamic pricing can provide persistent settling to the best price point of demand and supply curves, when the energy balance error is defined as the difference between instant demand and generation potentials. We analyse energy market management performance of a fractional-order PI controller in the case of communication and operation delays in a multi-source energy market model. Market simulation results are discussed to demonstrate the possible advantages of the fractional-order PI controller for smart grid energy market managements.en_US
dc.identifier.doi10.1177/0142331215579949
dc.identifier.endpage578en_US
dc.identifier.issn0142-3312
dc.identifier.issn1477-0369
dc.identifier.issue5en_US
dc.identifier.scopus2-s2.0-84963705484en_US
dc.identifier.scopusqualityQ2en_US
dc.identifier.startpage565en_US
dc.identifier.urihttps://doi.org/10.1177/0142331215579949
dc.identifier.urihttps://hdl.handle.net/11616/97267
dc.identifier.volume38en_US
dc.identifier.wosWOS:000374331200006en_US
dc.identifier.wosqualityQ4en_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherSage Publications Ltden_US
dc.relation.ispartofTransactions of The Institute of Measurement and Controlen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectDynamic price regulationen_US
dc.subjectenergy balanceen_US
dc.subjectfractional-order PI systemen_US
dc.subjectmarket managementen_US
dc.subjectsmart griden_US
dc.titleDynamic energy pricing by closed-loop fractional-order PI control system and energy balancing in smart grid energy marketsen_US
dc.typeArticleen_US

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