Dynamic Incentives for Optimal Control of Competitive Power Systems / / Lukas Kölsch.
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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Place / Publishing House: | Karlsruhe : : KIT Scientific Publishing,, 2022. |
Year of Publication: | 2022 |
Language: | English |
Physical Description: | 1 online resource (290 pages) |
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Kölsch, Lukas, author. Dynamic Incentives for Optimal Control of Competitive Power Systems / Lukas Kölsch. Karlsruhe : KIT Scientific Publishing, 2022. 1 online resource (290 pages) text txt rdacontent computer c rdamedia online resource cr rdacarrier Description based on: online resource; title from PDF information screen (Franco Angeli, viewed February 23, 2023). 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. Mechanization. 1000147941 |
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English |
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author |
Kölsch, Lukas, |
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Kölsch, Lukas, Dynamic Incentives for Optimal Control of Competitive Power Systems / |
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Kölsch, Lukas, |
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Kölsch, Lukas, |
title |
Dynamic Incentives for Optimal Control of Competitive Power Systems / |
title_full |
Dynamic Incentives for Optimal Control of Competitive Power Systems / Lukas Kölsch. |
title_fullStr |
Dynamic Incentives for Optimal Control of Competitive Power Systems / Lukas Kölsch. |
title_full_unstemmed |
Dynamic Incentives for Optimal Control of Competitive Power Systems / Lukas Kölsch. |
title_auth |
Dynamic Incentives for Optimal Control of Competitive Power Systems / |
title_new |
Dynamic Incentives for Optimal Control of Competitive Power Systems / |
title_sort |
dynamic incentives for optimal control of competitive power systems / |
publisher |
KIT Scientific Publishing, |
publishDate |
2022 |
physical |
1 online resource (290 pages) |
isbn |
1000147941 |
callnumber-first |
T - Technology |
callnumber-subject |
T - General Technology |
callnumber-label |
T59 |
callnumber-sort |
T 259.4 K573 42022 |
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Not Illustrated |
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300 - Social sciences |
dewey-tens |
330 - Economics |
dewey-ones |
338 - Production |
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338 |
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3338 |
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338 |
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338 |
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AT kolschlukas dynamicincentivesforoptimalcontrolofcompetitivepowersystems |
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Dynamic Incentives for Optimal Control of Competitive Power Systems / |
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