Dynamic Incentives for Optimal Control of Competitive Power Systems
(Sprache: Englisch)
This work presents a real-time dynamic pricing framework for future electricity markets. Deduced by first-principles analysis of physical, economic, and communication constraints within the power system, the proposed feedback control mechanism ensures both...
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This work presents a real-time dynamic pricing framework for future electricity markets. Deduced by first-principles analysis of physical, economic, and communication constraints within the power system, the proposed feedback control mechanism ensures both closed-loop system stability and economic efficiency at any given time. The resulting price signals are able to incentivize competitive market participants to eliminate spatio-temporal shortages in power supply quickly and purposively.
Bibliographische Angaben
- Autor: Lukas Kölsch
- 2022, 290 Seiten, mit Abbildungen, Maße: 17 x 24 cm, Kartoniert (TB), Englisch
- Verlag: KIT Scientific Publishing
- ISBN-10: 3731512092
- ISBN-13: 9783731512097
Sprache:
Englisch
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