Dynamic Incentives for Optimal Control of Competitive Power Systems
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Beschreibung
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.
Autor*in
Lukas Kölsch
Themen in »Dynamic Incentives for Optimal Control of Competitive Power Systems«
Strommarkt Dynamische Optimierung Spieltheorie Nichtlinearer Reglerentwurf Mathematische Modellbildung Electricity Market Dynamic Optimization Game Theory Nonlinear Control Mathematical Modeling