Production cost minimization versus consumer payment minimization in electricity pools

IEEE Transactions on Power Systems

Volumn 17, Issue 1, 2002, Pages 119-127

  Vázquez, Carlos ^b   Rivier, Michel ^a,b   Pérez Arriaga, Ignacio J ^a,b  

^a IEEE

^b Universidad Pontificia Comillas   (Spain)

Author keywords

Deregulation; Electricity auctions; Marginal pricing; Market design; Power generation dispatch; Unit commitment

Indexed keywords

ALGORITHMS; COSTS; ELECTRIC POWER GENERATION; INVESTMENTS; OPTIMIZATION;

ELECTRICITY POOLS;

ELECTRIC INDUSTRY;

EID: 0036474367     PISSN: 08858950     EISSN: None     Source Type: Journal    
DOI: 10.1109/59.982202     Document Type: Article

References (13)

1. Auction theory: A guide to the literature
2. Unit commitment literature synopsis
3. An overview of power generation scheduling in the optimal operation of a large scale power system
4. Equity and efficiency of unit commitment in competitive electricity markets
5. Thermal plant bids and market clearing in an electricity pool: Minimization of costs versus minimization of consumer payments
6. Artificial power markets and unintended consequences
7. Consumer payment minimization in power pool auctions
8. Investment decisions and long-term planning under electrical spot pricing
9. Wholesale marginal prices in competitive generation markets
10. Strategic bidding in deregulated power systems