UID:
edocfu_9960878285802883
Format:
1 online resource (290 pages)
Content:
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.
Additional Edition:
ISBN 1000147941
Language:
English
