Title :
On the Properties of Nodal Price Response Matrix in Electricity Markets
Author_Institution :
En+ Dev., Moscow, Russia
Abstract :
We establish sufficient conditions for nodal price response matrix in electric power system to be symmetric and negative (semi-)definite. The results are applicable for electricity markets with nonlinear and intertemporal constraints.
Keywords :
matrix algebra; power markets; power system economics; pricing; electric power system; electricity markets; intertemporal constraints; nodal price response matrix; nonlinear constraints; Cost function; Power markets; Power system economics; Pricing; Electricity market; nodal pricing; power system economics; price response; residual demand;
Journal_Title :
Power Systems, IEEE Transactions on
DOI :
10.1109/TPWRS.2014.2376494
