Dynamic Incentives for Optimal Control of Competitive Power Systems /

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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VerfasserIn:
Kölsch, Lukas,
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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spelling 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.
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language English
format eBook
author Kölsch, Lukas,
spellingShingle Kölsch, Lukas,
Dynamic Incentives for Optimal Control of Competitive Power Systems /
author_facet Kölsch, Lukas,
author_variant l k lk
author_role VerfasserIn
author_sort 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
illustrated Not Illustrated
dewey-hundreds 300 - Social sciences
dewey-tens 330 - Economics
dewey-ones 338 - Production
dewey-full 338
dewey-sort 3338
dewey-raw 338
dewey-search 338
work_keys_str_mv AT kolschlukas dynamicincentivesforoptimalcontrolofcompetitivepowersystems
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is_hierarchy_title Dynamic Incentives for Optimal Control of Competitive Power Systems /
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