INTERRUPTIBLE ELECTRIC-POWER SERVICE CONTRACTS

被引:37
作者
TAN, CW [1 ]
VARAIYA, P [1 ]
机构
[1] UNIV CALIF BERKELEY,DEPT ELECT ENGN & COMP SCI,BERKELEY,CA 94720
基金
美国国家科学基金会;
关键词
D O I
10.1016/0165-1889(93)90008-G
中图分类号
F [经济];
学科分类号
02 ;
摘要
A two-period model is considered. In period 1 the electric power company offers for sale a set of contracts (rho1, p1), (rho2, p2),. . . . Each consumer must select one contract k and d units of energy for which she pays p(k)d..The company must deliver d units of energy in period 2 with probability rho(k); the service may be interrupted with the complementary probability 1 - rho(k). The problem is to design the optimal set of contracts to maximize social welfare when demand and supply may be random and when customers suffer a welfare loss due to service interruption. The best design is shown to be a solution to an optimal control problem. The results contrast sharply with previous work on the problem of pricing electric power in the face of random supply or demand.
引用
收藏
页码:495 / 517
页数:23
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