Optimal Electricity Pricing for Societal Infrastructure Systems
Alizadeh, M.; Wai, H.-T.; Goldsmith, A.; Scaglione, A.
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.
Copyright Notice
This material is presented to ensure timely dissemination of scholarly and technical work. Copyright and all rights therein are retained by authors or by other copyright holders. All persons copying this information are expected to adhere to the terms and constraints invoked by each author's copyright. In most cases, these works may not be reposted without the explicit permission of the copyright holder.
- The following copyright notice applies to all of the above items that appear in IEEE publications: "Personal use of this material is permitted. However, permission to reprint/publish this material for advertising or promotional purposes or for creating new collective works for resale or redistribution to servers or lists, or to reuse any copyrighted component of this work in other works must be obtained from IEEE."
- The following copyright notice applies to all of the above items that appear in ACM publications: "© ACM, effective the year of publication shown in the bibliographic information. This file is the author’s version of the work. It is posted here by permission of ACM for your personal use. Not for redistribution. The definitive version was published in the journal or proceedings indicated in the bibliographic data for each item."
- The following copyright notice applies to all of the above items that appear in IFAC publications: "Document is being reproduced under permission of the Copyright Holder. Use or reproduction of the Document is for informational or personal use only."