Stability analysis of nonlinear stochastic flexibility function in smart energy systems
<|reference_start|>Stability analysis of nonlinear stochastic flexibility function in smart energy systems: Demand-side management provides a great potential for improving the efficiency and reliability of energy systems. This requires a mechanism to connect the market level and the demand side. The flexibility function is a novel approach that bridges the gap between the markets and the dynamics of physical assets at the lower levels of the energy systems and activates demand-side flexibility with the purpose of decision-making as well as for offering a new framework for balancing and grid services. Employing this function as a key for many decision-making and control algorithms reveals that a mathematically rigorous stability analysis is required for it. In this paper, we investigate the stability properties of two nonlinear flexibility functions, as a dynamic mapping between electricity price and power consumption. Specifically, we analyze the stability of a deterministic flexibility function and an It\^{o} stochastic flexibility function. Simulation results are also provided to demonstrate the dynamics of the flexibility functions and to show that the analytical results hold.<|reference_end|>
@article{tohidi2024stability,
    title={Stability analysis of nonlinear stochastic flexibility function in smart
  energy systems},
    author={Seyed Shahabaldin Tohidi, Tobias K. S. Ritschel, Georgios Tsaousoglou,
  Uffe H{o}gsbro Thygesen, Henrik Madsen},
    journal={arXiv preprint arXiv:2405.15099},
    year={2024},
    archivePrefix={arXiv},
    eprint={2405.15099},
    primaryClass={eess.SY cs.SY}
}