publication . Doctoral thesis . 2007

Price-based optimal control of electrical power systems

Jokic, A.;
Open Access English
  • Published: 01 Jan 2007
  • Publisher: Technische Universiteit Eindhoven
  • Country: Netherlands
Abstract
During the past decade, electrical power systems have been going through some major restructuring processes. From monopolistic, highly regulated and one utility controlled operation, a system is being restructured to include many parties competing for energy production and consumption, and for provision of many of the ancillary services necessary for system operation. With the emergence of competitive markets as central operational mechanisms, the prime operational objective has shifted from a centralized, utility cost minimization objective to decentralized, profit maximization objectives of competing parties. The market-based (price-based) operation is shown t...
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Doctoral thesis . 2007
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