Title :
Two-settlement electric power markets with dynamic-price customers
Author :
Zhao, Huan ; Thomas, Auswin ; Jahangiri, Pedram ; Cai, Chengrui ; Tesfatsion, Leigh ; Aliprantis, Dionysios
Author_Institution :
Econ. Dept., Iowa State Univ., Ames, IA, USA
Abstract :
This study will report both analytical and computational testbed findings regarding the effects of retail dynamic-price contracting on power system operations. The key issue under study is the extent to which the introduction of dynamic price contracts for retail consumers affects the efficiency of both retail and wholesale power market operations through changes in price volatility and load profiles at wholesale, and through re-allocations of risk between load-serving entities and retail consumers.
Keywords :
contracts; power markets; pricing; risk analysis; dynamic price contracts; dynamic-price customers; load profiles; power system operations; price volatility; retail dynamic-price contracting effect; two-settlement electric power markets; wholesale power market operations; Contracts; Educational institutions; Power markets; Power system dynamics; Pricing; Restructured electric power markets; agent-based testbed; locational marginal pricing; retail dynamic pricing; two-settlement system;
Conference_Titel :
Power and Energy Society General Meeting, 2011 IEEE
Conference_Location :
San Diego, CA
Print_ISBN :
978-1-4577-1000-1
Electronic_ISBN :
1944-9925
DOI :
10.1109/PES.2011.6038991
