This article presents a novel control scheme for achieving optimal power balancing and congestion management in electrical power systems via nodal prices. We develop a dynamic controller that guarantees economically optimal steady-state operation while respecting all line flow constraints in steady-state. A benchmark example illustrates the effectiveness of the proposed control scheme.
|Number of pages||9|
|Journal||International Journal of Electrical Power and Energy Systems|
|Publication status||Published - 2009|