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Controlling power systems with price signals [An article from: Decision Support Systems]
Book Details
Author(s)
F.L. Alvarado
Publisher
Elsevier
ISBN / ASIN
B000RR533A
ISBN-13
978B000RR5335
Availability
Available for download now
Marketplace
United States 🇺🇸
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Description
This digital document is a journal article from Decision Support Systems, published by Elsevier in . The article is delivered in HTML format and is available in your Amazon.com Media Library immediately after purchase. You can view it with any web browser.
Description:
This paper revisits the possibility of controlling the power system entirely by means of price signals. It expands on notions introduced in an earlier paper and addresses several unresolved issues: problems with linear cost structures, response delays, varying costs, market power and stability problems caused by market/system interactions. The results suggest that control by price can, in fact, be made to work with some caveats.
Description:
This paper revisits the possibility of controlling the power system entirely by means of price signals. It expands on notions introduced in an earlier paper and addresses several unresolved issues: problems with linear cost structures, response delays, varying costs, market power and stability problems caused by market/system interactions. The results suggest that control by price can, in fact, be made to work with some caveats.
