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Dynamic Incentives for Optimal Control of Competitive Power Systems

Dynamic Incentives for Optimal Control of Competitive Power Systems

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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.

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This work has been downloaded 28 times via unglue.it ebook links.
  1. 28 - pdf (CC BY-SA) at OAPEN Library.

Keywords

  • Electrical engineering
  • Energy technology & engineering
  • Technology, engineering, agriculture

Links

DOI: 10.5445/KSP/1000147941

Editions

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