Continuous-Time Marginal Pricing of Electricity
نویسندگان
چکیده
منابع مشابه
Rethinking Real-Time Electricity Pricing
Most US consumers are charged a near-constant retail price for electricity, despite substantial hourly variation in the wholesale market price. This paper evaluates the rst program to expose residential consumers to hourly real-time pricing (RTP). I nd that enrolled households are statistically signi cantly price elastic and that consumers responded by conserving energy during peak hours, but...
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The deregulation of electricity markets has a very large impact on almost all the power systems around the world. Competitive markets are complex systems with many participants who buy and sell electricity. Much of the complexity arises from the limitations of the underlying transmission systems and the fact that supply and demand must be in balance at all times. Generally the Locational margin...
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---------------------------------------------------------------------***--------------------------------------------------------------------Abstract In restructured electricity markets, an effective transmission pricing method is required to address transmission issues and to generate correct economic signals to reduce the generation cost. It is necessary to develop an appropriate pricing schem...
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Electricity Real Time Pricing (RTP) tariffs inter alia have Demand Side Management (DSM) as a main aim. Customers are billed according to hourly fluctuating energy prices. Essentially RTP pricing signals can be seen as control inputs to change customer load usage. It is suggested that optimised pricing signals sent to RTP customers can lead to a much more efficient DSM initiative. This paper de...
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Most US consumers are charged a near-constant retail price for electricity, despite substantial hourly variation in the wholesale market price. This paper evaluates a randomized experiment that exposed households to hourly real time pricing (RTP) and applies the demand estimates to counterfactual simulations in a structural model of the Pennsylvania-Jersey-Maryland electricity market. The model...
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ژورنال
عنوان ژورنال: IEEE Transactions on Power Systems
سال: 2017
ISSN: 0885-8950,1558-0679
DOI: 10.1109/tpwrs.2016.2597288