A uniform price auction with locational price adjustments for competitive electricity markets

被引：19

作者：

Ethier, R ^{[1
]}

Zimmerman, R ^{[1
]}

Mount, T ^{[1
]}

Schulze, W ^{[1
]}

Thomas, R ^{[1
]}

机构：

[1] Cornell Univ, Dept Agr Resource & Managerial Econ, Ithaca, NY 14853 USA

来源：

INTERNATIONAL JOURNAL OF ELECTRICAL POWER & ENERGY SYSTEMS | 1999年 / 21卷 / 02期

关键词：

electric power auctions; competitive electricity markets; Poolco;

D O I：

10.1016/S0142-0615(98)00034-9

中图分类号：

TM [电工技术]; TN [电子技术、通信技术];

学科分类号：

0808 [电气工程]; 0809 [电子科学与技术];

摘要：

Competitive electricity markets which rely on centralized dispatch require a mechanism to solicit offers from competing generators. Ideally, such an auction mechanism provides incentives to submit offers equal to the marginal cost of generation for each generator. Economic theory suggests that the Uniform Price auction is an appropriate institution. However, an efficient implementation of this auction in an electricity context requires that the offers used in the auction reflect the appropriate locational price adjustments for transmission losses and congestion. This paper describes a uniform price auction that incorporates locational price adjustments on a Web-based platform suitable for experimentation. Preliminary results show dramatically different price and revenue results when compared with a simple continuous Discriminative auction. (C) 1998 Elsevier Science Ltd. All rights reserved.

引用

页码：103 / 110

页数：8

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