01976nam 2200433z- 450 991080567400332120260217183040.0(CKB)5720000000263607(oapen)doab92932(IL-JeEL)995720000000263607(EXLCZ)99572000000026360720240213c2022uuuu -u- 0engurmn|---annantxtrdacontentcrdamediacrrdacarrierDynamic Incentives for Optimal Control of Competitive Power Systems /Lukas KölschKarlsruhe :KIT Scientific Publishing,2022.1 online resource (288 pages)Karlsruher Beiträge zur Regelungs- und Steuerungstechnik3731512092 9783731512097 Includes bibliographical references and index.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.Electric power systemsControlElectric power distributionEconomic aspectsPricingMathematical modelsFeedback control systemsElectric power systemsControl.Electric power distributionEconomic aspects.PricingMathematical models.Feedback control systems.338Kölsch Lukas1278114BOOK9910805674003321Dynamic Incentives for Optimal Control of Competitive Power Systems3012585UNINA