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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Bibliographic Details
Main Author: Kölsch, Lukas (auth)
Format: Electronic Book Chapter
Language:English
Published: KIT Scientific Publishing 2022
Series:Karlsruher Beiträge zur Regelungs- und Steuerungstechnik 17
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