Testing The Effects Of Price Responsive Demand On Uniform Price And Soft-Cap Electricity Auctions
نویسندگان
چکیده
Testing auction mechanisms experimentally in a controlled environment provides an inexpensive means for evaluating their relative merits. This paper describes a framework for testing the efficacy of a price-responsive load on a uniform price last accepted offer and a soft-cap market. Experimental evidence to date based on uniform price market testing has shown an ability of price responsive load to mitigate high volatility and average price. The paper addresses a process to validate these results as well as our hypothesis that price responsive load will mitigate high soft cap market price behavior such as that observed in California.
منابع مشابه
Testing the Effects of Price Responsive Demand on Pay-as-Offered and Soft-Cap Electricity Auctions
Testing auction mechanisms experimentally in a controlled environment provides an inexpensive means for evaluating their relative merits. This paper describes a framework for testing the efficacy of a price-responsive load on a uniform price last accepted offer and a soft-cap market. Experimental evidence to date based on uniform price market testing has shown an ability of price responsive loa...
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