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Dynamic Incentives for Optimal Control of Competitive Power Systems

Produktform: Buch / Einband - flex.(Paperback)

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.weiterlesen

Sprache(n): Englisch

ISBN: 978-3-7315-1209-7 / 978-3731512097 / 9783731512097

Verlag: KIT Scientific Publishing

Erscheinungsdatum: 11.10.2022

Seiten: 290

Autor(en): Lukas Kölsch

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