Model of integrated pool/conventional/alternative electricity market operation using pay-as-bid pricing

Uniform-Pricing versus Pay-as-Bid in Wholesale Electricity Markets: Does it Make a Difference?

A Pay-as-Bid Mechanism for Pricing Utility Computing

Encountering the increasing demand for high-performance computational resources in academic as well as commercial organisations, utility computing offers a solution by providing users with on-demand availability of requested computing services. Approaches to the fundamental issue of resource allocation include the use of technical scheduling mechanisms as well as introducing economic ideas into...

Multi-Objective Model for Fair Pricing of Electricity Using the Parameters from the Iran Electricity Market Big Data Analysis

Assessment of the electricity market shows that, electricity market data can be considered "big data". this data has been analyzed by both conventional and modern data mining methods. The predicted variables of supply and demand are considered to be the input of a defined multi-objective for predicting electricity price, which is the result of the defined model. This shows the advantage of appl...

Uniform Pricing or Pay-as-Bid Pricing: A Dilemma for California and Beyond

Any belief that a shift from uniform to as-bid pricing would provide power purchasers substantial relief from soaring prices is simply mistaken. The immediate consequence of its introduction would be a radical change in bidding behavior that would introduce new inefficiencies, weaken competition in new generation, and impede expansion in capacity. n November 2000, the California Power Exchange ...

Ga-based Optimal Sizing of Pv under Pay as Bid and Uniform Power Market Pricing Considering Uncertainty of Solar Radiation

Preliminary notes This paper presents a multi-objective formulation for optimal sizing of photovoltaic resources as grid connected mode in distribution systems with the aim of maximizing net present worth of system. The proposed system in this paper includes two sources such as upstream network i.e. 63/20 kV substation and photovoltaic arrays as private sector for meeting load. Total net presen...