Dynamic market behavior of autonomous network based power systems

Nowadays, competition in the electricity market is applied by electricity production companies. Increased penetration of distributed generators and renewable energy sources results in a large amount of market players and increased uncertainties. This paper presents the concept of autonomous networks as an efficient way to make such a complex system manageable. Modeling and analysis of autonomous network based power system market behavior is presented. Decentralized control of power imbalance is introduced and its stabilizing effect on the entire power system is shown