A Price-Based Approach for Voltage Regulation and Power Loss Minimization in Power Distribution Networks

We present a price-based approach to deal with the challenges of the electrical power distribution systems with renewable generations. In specific, we address the power loss minimization and voltage regulation taking into account the actual grid capacity. Analogously, the cost function is reformulated to represent a social welfare maximization problem. Distributed optimization formulations, which bridge the physical power grid to the market-based approach, are presented and analyzed