Dynamic Incentives for Optimal Control of Competitive Power Systems
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 e...
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| Main Author: | |
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| Format: | Electronic Book Chapter |
| Language: | English |
| Published: |
KIT Scientific Publishing
2022
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| Series: | Karlsruher Beiträge zur Regelungs- und Steuerungstechnik
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| Subjects: | |
| Online Access: | DOAB: download the publication DOAB: description of the publication |
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