• Media type: Text; E-Article
  • Title: How Price-Based Frequency Regulation Impacts Stability in Power Grids: A Complex Network Perspective
  • Contributor: Ji, Peng [Author]; Zhu, Lipeng [Author]; Lu, Chao [Author]; Lin, Wei [Author]; Kurths, Jürgen [Author]
  • imprint: London : Hindawi, 2020
  • Published in: Complexity 2020 (2020)
  • Issue: published Version
  • Language: English
  • DOI: https://doi.org/10.34657/6165; https://doi.org/10.1155/2020/6297134
  • Keywords: Deregulation ; Dynamical interactions ; Stability ; Electric power system control ; Power grid operations ; Power grid stability ; Smart power grids ; Complex networks ; Electric power transmission networks ; Network stability ; Frequency regulations ; Physical network ; Price increase ; Electric power system stability ; Electricity prices
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  • Description: With the deregulation of modern power grids, electricity markets are playing a more and more important role in power grid operation and control. However, it is still questionable how the real-time electricity price-based operation affects power grid stability. From a complex network perspective, here we investigate the dynamical interactions between price-based frequency regulations and physical networks, which results in an interesting finding that a local minimum of network stability occurs when the response strength of generators/consumers to the varying price increases. A case study of the real world-based China Southern Power Grid demonstrates the finding and exhibits a feasible approach to network stability enhancement in smart grids. This also provides guidance for potential upgrade and expansion of the current power grids in a cleaner and safer way. © 2020 Peng Ji et al.
  • Access State: Open Access
  • Rights information: Attribution (CC BY)