New insights into the dynamic stability of wholesale electricity markets


Abstract:

We summarize some recent results on the dynamic stability of wholesale electricity markets. We discuss how to construct control-theoretic market analysis frameworks using concepts of market efficiency, Lyapunov stability, and pbkp_redictive control. Such frameworks can be used to design, analyze, and monitor the stability and robustness properties of different market designs. In particular, we discuss how short forecast horizons, incomplete gaming, and physical ramping constraints can give rise to stability issues. © 2011 IEEE.

Año de publicación:

2011

Keywords:

    Fuente:

    scopusscopus

    Tipo de documento:

    Conference Object

    Estado:

    Acceso restringido

    Áreas de conocimiento:

    • Política energética
    • Energía
    • Energía

    Áreas temáticas:

    • Economía de la tierra y la energía