Magdeburg Lectures on Optimization and Control: Optimal control, optimization, market mechanisms and physics of smart energy systems

Abstract

"In this talk I will first give a combined distributed, hierarchical optimal control perspective using dual decomposition and pricing mechanisms for smart energy systems, and in particular for household prosumers (consumers and producers). In this setup a possible future (EU) market structure is taken into account. Furthermore, I will take a second perspective from the physics, where stabilisation is important, and optimisation is done on the welfare function. Some questions about the coupling of these two perspectives are raised."