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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.
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Kölsch, L. 2022. Dynamic Incentives for Optimal Control of Competitive Power Systems. Karlsruhe: KIT Scientific Publishing. DOI: https://doi.org/10.5445/KSP/1000147941
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Veröffentlicht am 11. Oktober 2022
Englisch
290
| Paperback | 978-3-7315-1209-7 |