Real-time pricing with ramping costs: A new approach to managing a steep change in electricity demand

Energy Policy

Volumn 34, Issue 18, 2006, Pages 3634-3643

  Tanaka, Makoto ^a  

^a NATIONAL GRADUATE INSTITUTE FOR POLICY STUDIES   (Japan)

Author keywords

Ramping costs; Real time pricing; Steep demand change

Indexed keywords

ELECTRICITY DEMAND; RAMPING COSTS; REAL-TIME PRICING; STEEP DEMAND CHANGE;

COSTS; ECONOMICS; ELECTRIC INDUSTRY; ELECTRIC POWER SYSTEMS; ENERGY MANAGEMENT;

ENERGY POLICY;

COST; DEMAND-SIDE MANAGEMENT; ELECTRICITY GENERATION; OPTIMIZATION; PRICING POLICY; REAL TIME;

EID: 33750018115     PISSN: 03014215     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.enpol.2005.07.012     Document Type: Article

References (20)

1. Baldick R., Grant R., and Kahn E. Theory and application of linear supply function equilibrium in electricity markets. Journal of Regulatory Economics 25 2 (2004) 143-167
2. Bhattacharya K.M., Bollen H.J., and Daalder J.E. Operation of Restructured Power Systems (2001), Kluwer Academic Publishers, Norwell, MA
3. Bohn R.E., Caramanis M.C., and Schweppe F.C. Optimal pricing in electrical networks over space and time. Rand Journal of Economics 15 3 (1984) 360-376
4. Boiteux M. Peak-load pricing. Journal of Business 33 (1960) 157-179
5. Burness H.S., and Patrick R.H. Peak-load pricing with continuous and interdependent demand. Journal of Regulatory Economics 3 1 (1991) 69-88
6. Chao H.P. Peak load pricing and capacity planning with demand and supply uncertainty. Bell Journal of Economics 14 1 (1983) 179-190
7. Cooper, M. A., 2002. Managing creep and fatigue life of major boiler components in a commercial electricity market. In: EPRI/DOE Conference on Advances in Assessments and Optimisation of Fossil Power Plants.
8. Dansby R.E. Capacity constrained peak-load pricing. Quarterly Journal of Economics 92 (1978) 387-398
9. EFFLOCOM, 2003. Energy efficiency and load curve impacts of commercial development in competitive markets: basis for demand response. URL http://www.efflocom.com/index.asp.
10. FEPC (The Federation of Electric Power Companies), 2004. Electricity Review Japan 2003-2004. URL http://www.fepc.or.jp/english/erj/erj2003-2004.pdf.
11. Green R. Increasing competition in the British electricity spot market. Journal of Industrial Economics 44 2 (1996) 205-216
12. Forum ETT, 1993. Life with big blackout in Tokyo area, Economic Impact Assessment (in Japanese). IEEJ (The Institute of Energy Economics, Japan).
13. Nyström E.J. Über die numerische Integration von Differentialgleichungen (in German). Acta Soc. Sci. Fenn. 50 13 (1925) 1-55
14. Schweppe F.C., Caramanis M.C., Tabors R.D., and Bohn R.E. Spot Pricing of Electricity (1988), Kluwer Academic Publishers, Norwell, MA
15. Shrestha G.B., Kai S., and Goel L. Strategic self-dispatch considering ramping costs in deregulated power markets. IEEE Transactions on Power Systems 19 3 (2004) 1575-1581
16. Steiner P.O. Peak-load and efficient pricing. Quarterly Journal of Economics 71 (1957) 585-610
17. Stoft S. Power System Economics: Designing Markets for Electricity (2002), Wiley, New York
18. Tanaka M. RTP for managing steep change of electricity demand (in Japanese). Nihon Keizai Kenkyu 46 (2002) 80-102
19. Wang C., and Shahidehpour S.M. Optimal generation scheduling with ramping costs. IEEE Transactions on Power Systems 10 1 (1995) 60-67
20. Williamson O.E. Peak-load pricing and optimal capacity under indivisibility constraints. American Economic Review 56 (1966) 810-827