Online-Ressource
Karlsruhe :KIT Scientific Publishing,
UID:
edoccha_9960878285802883
Umfang:
1 online resource (290 pages)
Inhalt:
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.
Weitere Ausg.:
ISBN 1000147941
Sprache:
Englisch
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