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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.

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

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