Dynamic Coupling between Power Markets and Power Systems

  title={Dynamic Coupling between Power Markets and Power Systems},
  author={Wellington S. Mota and Fernando L. Alvarado},
Power System Markets represented by dynamic equations provide insights into the market behaviour which are not available from static models. A combination of aggressive energy imbalance regulation and fast response of the market can lead to unstable market conditions. The dynamic properties of the market (as characterized by the eigenvalues of the market dynamic equations) are first determined by representing the power system by means of algebraic equations. Next, the coupling between energy… CONTINUE READING
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