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Title: State Space Collapse in Resource Allocation for Demand Dispatch and its Implications for Distributed Control Design
Demand dispatch is the science of extracting virtual energy storage through the automatic control of deferrable loads to provide balancing or regulation services to the grid, while maintaining consumer-end quality of service.The control of a large collection of heterogeneous loads is in part a resource allocation problem, since different classes of loads are more valuable for different services. The goal of this paper is to unveil the structure of the optimal solution to the resource allocation problem, and investigate short-term market implications. It is found that the marginal cost for each load class evolves in a two-dimensional subspace: spanned by a co-state process and its derivative. The resource allocation problem is recast to construct a dynamic competitive equilibrium model, in which the consumer utility is the negative of the cost of deviation from ideal QoS. It is found that a competitive equilibrium exists with the equilibrium price equal to the negative of an optimal co-state process. Moreover, the equilibrium price is different than what would be obtained based on the standard assumption that the consumer's utility is a function of power consumption.  more » « less
Award ID(s):
1935389
NSF-PAR ID:
10477039
Author(s) / Creator(s):
; ; ;
Editor(s):
Alessandro Astolfi
Publisher / Repository:
IEEE
Date Published:
Journal Name:
IEEE Transactions on Automatic Control
ISSN:
0018-9286
Page Range / eLocation ID:
1 to 12
Format(s):
Medium: X
Sponsoring Org:
National Science Foundation
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