
- Kölsch, Lukas
Dynamic Incentives for Optimal Control of Competitive Power Systems
- Kartoniert,
- KIT Scientific Publishing
- (2022)
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.
DETAILS
- Dynamic Incentives for Optimal Control of Competitive Power Systems
- Kölsch, Lukas
- Kartoniert, 290 S.
- graph. Darst.
- Sprache: Englisch
- 240 mm
- ISBN-13: 978-3-7315-1209-7
- Titelnr.: 96154285
- Gewicht: 650 g
- KIT Scientific Publishing (2022)
Herstelleradresse
KIT Scientific Publishing
Strasse am Forum 2
76131 - DE Karlsruhe
E-Mail: info@ksp.kit.edu