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Erschienen in:
Electricity Markets in the United States: A Brief History, Current Operations, and Trends Kapitel lesen Erstes Kapitel lesen

2019 | OriginalPaper | Buchkapitel

Incentivizing Market and Control for Ancillary Services in Dynamic Power Grids

verfasst von : Kenko Uchida, Kenji Hirata, Yasuaki Wasa

Erschienen in: Smart Grid Control

Verlag: Springer International Publishing

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Abstract

We discuss an incentivizing market and model-based approach to design the energy management and control systems, which realize high-quality ancillary services in dynamic power grids. Under the electricity liberalization, such incentivizing market should secure a high-speed market-clearing by using the market players’ private information well. Inspired by contract theory in microeconomics field, we propose a novel design method of such incentivizing market on the basis of integration of the economic model and the dynamic grid model. We first outline our contract and model-based method to design the incentivizing market and clarify the basic properties of the designed market. We then discuss possibilities, limitation, and fundamental challenges in the direction of our approach and general market-based approaches.

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Vorheriges Kapitel Some Emerging Challenges in Electricity Markets
Nächstes Kapitel Long-Term Challenges for Future Electricity Markets with Distributed Energy Resources
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Metadaten
Titel
Incentivizing Market and Control for Ancillary Services in Dynamic Power Grids
verfasst von
Kenko Uchida
Kenji Hirata
Yasuaki Wasa
Copyright-Jahr
2019
Buch
Smart Grid Control

Print ISBN: 978-3-319-98309-7

Electronic ISBN: 978-3-319-98310-3

Copyright-Jahr: 2019

DOI
https://doi.org/10.1007/978-3-319-98310-3_3