| id |
oapen-20.500.12657-58901
|
| record_format |
dspace
|
| spelling |
oapen-20.500.12657-589012022-10-19T03:18:10Z Dynamic Incentives for Optimal Control of Competitive Power Systems Kölsch, Lukas Strommarkt; Dynamische Optimierung; Spieltheorie; Nichtlinearer Reglerentwurf; Mathematische Modellbildung; Electricity Market; Dynamic Optimization; Game Theory; Nonlinear Control; Mathematical Modeling bic Book Industry Communication::T Technology, engineering, agriculture::TH Energy technology & engineering::THR Electrical engineering 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. 2022-10-18T11:15:33Z 2022-10-18T11:15:33Z 2022 book https://library.oapen.org/handle/20.500.12657/58901 eng Karlsruher Beiträge zur Regelungs- und Steuerungstechnik application/pdf Attribution-ShareAlike 4.0 International dynamic-incentives-for-optimal-control-of-competitive-power-systems.pdf https://doi.org/10.5445/KSP/1000147941 KIT Scientific Publishing 10.5445/KSP/1000147941 10.5445/KSP/1000147941 44e29711-8d53-496b-85cc-3d10c9469be9 17 288 open access
|
| institution |
OAPEN
|
| collection |
DSpace
|
| language |
English
|
| description |
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.
|
| title |
dynamic-incentives-for-optimal-control-of-competitive-power-systems.pdf
|
| spellingShingle |
dynamic-incentives-for-optimal-control-of-competitive-power-systems.pdf
|
| title_short |
dynamic-incentives-for-optimal-control-of-competitive-power-systems.pdf
|
| title_full |
dynamic-incentives-for-optimal-control-of-competitive-power-systems.pdf
|
| title_fullStr |
dynamic-incentives-for-optimal-control-of-competitive-power-systems.pdf
|
| title_full_unstemmed |
dynamic-incentives-for-optimal-control-of-competitive-power-systems.pdf
|
| title_sort |
dynamic-incentives-for-optimal-control-of-competitive-power-systems.pdf
|
| publisher |
KIT Scientific Publishing
|
| publishDate |
2022
|
| url |
https://doi.org/10.5445/KSP/1000147941
|
| _version_ |
1771297399811080192
|
