Dynamic Incentives for Optimal Control of Competitive Power Systems

• Tác giả: Lukas Kölsch
• Ngôn ngữ: eng
• ISBN: KSP/1000147941
• Thông tin xuất bản: KIT Scientific Publishing 2022
• Mô tả vật lý: 1 electronic resource (288 p.)
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 343806
• Chủ đề: 1. Electrical engineering

Tóm tắt

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.