Pricing of fluctuations in electricity markets

DOI10.1016/j.ejor.2015.04.020zbMath1346.91170arXiv1207.2848OpenAlexW1975884865MaRDI QIDQ319744

John N. Tsitsiklis, Yunjian Xu

Publication date: 6 October 2016

Published in: European Journal of Operational Research (Search for Journal in Brave)

Full work available at URL: https://arxiv.org/abs/1207.2848

zbMATH Keywords

game theoryelectricity marketdynamic pricingsocial welfareOR in energy

Mathematics Subject Classification ID

Applications of game theory (91A80) Microeconomic theory (price theory and economic markets) (91B24) Economic models of real-world systems (e.g., electricity markets, etc.) (91B74)

Related Items (8)

Optimal trading of imbalance options for power systems using an energy storage device ⋮ Distributed optimal day-ahead scheduling in a smart grid: a trade-off among consumers, power suppliers, and transmission owners ⋮ Why do consumers prefer static instead of dynamic pricing plans? An empirical study for a better understanding of the low preferences for time-variant pricing plans ⋮ Real option valuation for reserve capacity ⋮ Generation flexibility in ramp rates: strategic behavior and lessons for electricity market design ⋮ A trilevel model for best response in energy demand-side management ⋮ Competitive equilibriums and social shaping for multi-agent systems ⋮ Optimal Electricity Demand Response Contracting with Responsiveness Incentives

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