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221110 ||| eng |
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|a 1000147941
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|a 9783731512097
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|a Kölsch, Lukas
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| 245 |
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|a Dynamic Incentives for Optimal Control of Competitive Power Systems
|h Elektronische Ressource
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| 260 |
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|b KIT Scientific Publishing
|c 2022
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| 300 |
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|a 1 electronic resource (288 p.)
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| 653 |
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|a Strommarkt; Dynamische Optimierung; Spieltheorie; Nichtlinearer Reglerentwurf; Mathematische Modellbildung; Electricity Market; Dynamic Optimization; Game Theory; Nonlinear Control; Mathematical Modeling
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| 653 |
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|a Electrical engineering / bicssc
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| 041 |
0 |
7 |
|a eng
|2 ISO 639-2
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| 989 |
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|b DOAB
|a Directory of Open Access Books
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| 490 |
0 |
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|a Karlsruher Beiträge zur Regelungs- und Steuerungstechnik
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| 500 |
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|a Creative Commons (cc), https://creativecommons.org/licenses/by-sa/4.0/
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| 024 |
8 |
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|a 10.5445/KSP/1000147941
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| 856 |
4 |
2 |
|u https://directory.doabooks.org/handle/20.500.12854/92932
|z DOAB: description of the publication
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| 856 |
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0 |
|u https://library.oapen.org/bitstream/20.500.12657/58901/1/dynamic-incentives-for-optimal-control-of-competitive-power-systems.pdf
|7 0
|x Verlag
|3 Volltext
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| 082 |
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|a 500
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|a 620
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|a 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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