01486nam 2200337zn 450 991061731170332120230223183208.0(CKB)5840000000098319(NjHacI)995840000000098319(EXLCZ)99584000000009831920230223d2022 uy 0engur|||||||||||txtrdacontentcrdamediacrrdacarrierDynamic Incentives for Optimal Control of Competitive Power Systems /Lukas KölschKarlsruhe :KIT Scientific Publishing,2022.1 online resource (290 pages)1000147941 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.MechanizationMechanization.338Kölsch Lukas1278114NjHacINjHaclBOOK9910617311703321Dynamic Incentives for Optimal Control of Competitive Power Systems3012585UNINA