We present a distributed and price-based control approach for frequency regulation in power grids with nonzero line conductances. Both grid and controller are modeled as a port-Hamiltonian system, where the grid model consists of differential as well as algebraic equations. Simulations show that the resulting controller asymptotically stabilizes the frequency while maintaining minimum overall generation costs in steady state and being robust in terms of clock drifts and uncontrollable loads. Moreover, it is shown that active power sharing can be achieved by an appropriate choice of the cost function.

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