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Dynamic Incentives for Optimal Control of Competitive Power Systems

dc.contributor.authorKölsch, Lukas
dc.date.accessioned2022-10-19T04:00:42Z
dc.date.available2022-10-19T04:00:42Z
dc.date.issued2022
dc.date.submitted2022-10-18T11:15:33Z
dc.identifierhttps://library.oapen.org/handle/20.500.12657/58901
dc.identifier.urihttps://directory.doabooks.org/handle/20.500.12854/92932
dc.description.abstractThis 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.
dc.languageEnglish
dc.relation.ispartofseriesKarlsruher Beiträge zur Regelungs- und Steuerungstechnik
dc.rightsopen access
dc.subject.otherStrommarkt; Dynamische Optimierung; Spieltheorie; Nichtlinearer Reglerentwurf; Mathematische Modellbildung; Electricity Market; Dynamic Optimization; Game Theory; Nonlinear Control; Mathematical Modeling
dc.subject.otherthema EDItEUR::T Technology, Engineering, Agriculture, Industrial processes::TH Energy technology and engineering::THR Electrical engineering
dc.titleDynamic Incentives for Optimal Control of Competitive Power Systems
dc.typebook
oapen.identifier.doi10.5445/KSP/1000147941
oapen.relation.isPublishedBy68fffc18-8f7b-44fa-ac7e-0b7d7d979bd2
oapen.pages288
dc.seriesnumber17


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