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Document type:
Konferenzbeitrag 
Author(s):
M. Roozbehani; M. Rinehart; M.A. Dahleh; S.K. Mitter; D. Obradovic; H. Mangesius 
Title:
Analysis of Cometitive Electricity Markets under a New Model of Real-Time Retail Princing with Ex-Post Adjustment 
Abstract:
In this paper, we propose a new real-time retail pricing model characterized by ex-post adjustments to exante price, and investigate the stability and efficiency properties of the ensuing closed loop system. Under this pricing mechanism, electricity is priced at the exante price (calculated based on predicted demand) up to the amount consumed at the previous time period. Any deviation of the demand from the previous time period is penalized or reimbursed at the ex-post price (calcul...    »
 
Keywords:
Aggregate consumption; Competitive electricity markets; Economic efficiency; Market stability; New model; Price stability; Pricing mechanism; Pricing models; Real time pricing; Social welfare; Stability and robustness; Time-periods; Economic Efficiency; Market Stability; Real-Time Pricing 
Book / Congress title:
Proceedings of the 8th International Conference on the European Energy Market (EEM) 
Year:
2011 
Pages:
250-255 
Covered by:
Scopus