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Harmonizing Electricity Markets with the Physics of Electricity

โœ Scribed by Vikram S. Budhraja

Book ID
104373936
Publisher
Elsevier Science
Year
2003
Tongue
English
Weight
188 KB
Volume
16
Category
Article
ISSN
1040-6190

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Electricity market designs that decentralize decision making for participants can lead to inefficiencies in the presence of nonconvexity or missing markets. This has been shown in the case of unit-commitment problems that can make a decentralized market equilibrium less efficient than a centrally pl