Developing marginal costs for real-time pricing
The authors describe an approach for forecasting day-ahead hourly costs for real-time pricing of electricity. Marginal costs have two components, marginal operating costs, and marginal outage costs. The approach for estimating marginal operating costs is a modification of techniques developed for se...
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| Veröffentlicht in: | IEEE Trans. Power Syst.; (United States) 1988-08, Vol.3 (3), p.1133-1138 |
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| container_end_page | 1138 |
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| container_issue | 3 |
| container_start_page | 1133 |
| container_title | IEEE Trans. Power Syst.; (United States) |
| container_volume | 3 |
| creator | Kirsch, L.D. Sullivan, R.L. Flaim, T.A. Hipius, J.J. Krantz, M.G. |
| description | The authors describe an approach for forecasting day-ahead hourly costs for real-time pricing of electricity. Marginal costs have two components, marginal operating costs, and marginal outage costs. The approach for estimating marginal operating costs is a modification of techniques developed for security constrained dispatch. The approach for marginal outage costs involves estimating the economic damages associated with outages as well as the load-related probability that an outage will occur. Data problems and procedures required for model validation are also addressed.< > |
| doi_str_mv | 10.1109/59.14573 |
| format | Article |
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Marginal costs have two components, marginal operating costs, and marginal outage costs. The approach for estimating marginal operating costs is a modification of techniques developed for security constrained dispatch. The approach for marginal outage costs involves estimating the economic damages associated with outages as well as the load-related probability that an outage will occur. Data problems and procedures required for model validation are also addressed.< ></description><identifier>ISSN: 0885-8950</identifier><identifier>EISSN: 1558-0679</identifier><identifier>DOI: 10.1109/59.14573</identifier><identifier>CODEN: ITPSEG</identifier><language>eng</language><publisher>New York, NY: IEEE</publisher><subject>200300 -- Electric Power Engineering-- Power Transmission & Distribution-- (-1989) ; 290200 -- Energy Planning & Policy-- Economics & Sociology ; Applied sciences ; COST ; Costs ; Current supplies ; Data security ; ECONOMIC ANALYSIS ; Economic forecasting ; ECONOMICS ; Electrical engineering. Electrical power engineering ; Electrical power engineering ; Energy conservation ; Energy consumption ; ENERGY PLANNING, POLICY AND ECONOMY ; ENERGY SYSTEMS 296000 -- Energy Planning & Policy-- Electric Power ; Exact sciences and technology ; FORECASTING ; MATHEMATICAL MODELS ; OPERATING COST ; Operation. Load control. Reliability ; OUTAGES ; Power generation economics ; Power industry ; Power networks and lines ; POWER SYSTEMS ; POWER TRANSMISSION AND DISTRIBUTION ; PRICES ; Pricing ; Reactive power ; REAL TIME SYSTEMS</subject><ispartof>IEEE Trans. Power Syst.; (United States), 1988-08, Vol.3 (3), p.1133-1138</ispartof><rights>1989 INIST-CNRS</rights><lds50>peer_reviewed</lds50><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c330t-ceec214f8c846c19c30e0810a832797bc680b9c41b28fcbb7996c31502bbf2243</citedby><cites>FETCH-LOGICAL-c330t-ceec214f8c846c19c30e0810a832797bc680b9c41b28fcbb7996c31502bbf2243</cites></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktohtml>$$Uhttps://ieeexplore.ieee.org/document/14573$$EHTML$$P50$$Gieee$$H</linktohtml><link.rule.ids>309,310,314,780,784,789,790,796,885,23930,23931,25140,27924,27925,54758</link.rule.ids><linktorsrc>$$Uhttps://ieeexplore.ieee.org/document/14573$$EView_record_in_IEEE$$FView_record_in_$$GIEEE</linktorsrc><backlink>$$Uhttp://pascal-francis.inist.fr/vibad/index.php?action=getRecordDetail&idt=7309211$$DView record in Pascal Francis$$Hfree_for_read</backlink><backlink>$$Uhttps://www.osti.gov/biblio/6891088$$D View this record in Osti.gov$$Hfree_for_read</backlink></links><search><creatorcontrib>Kirsch, L.D.</creatorcontrib><creatorcontrib>Sullivan, R.L.</creatorcontrib><creatorcontrib>Flaim, T.A.</creatorcontrib><creatorcontrib>Hipius, J.J.</creatorcontrib><creatorcontrib>Krantz, M.G.</creatorcontrib><creatorcontrib>Christensen Associates, Madison, WI (US)</creatorcontrib><title>Developing marginal costs for real-time pricing</title><title>IEEE Trans. Power Syst.; (United States)</title><addtitle>TPWRS</addtitle><description>The authors describe an approach for forecasting day-ahead hourly costs for real-time pricing of electricity. Marginal costs have two components, marginal operating costs, and marginal outage costs. The approach for estimating marginal operating costs is a modification of techniques developed for security constrained dispatch. The approach for marginal outage costs involves estimating the economic damages associated with outages as well as the load-related probability that an outage will occur. Data problems and procedures required for model validation are also addressed.< ></description><subject>200300 -- Electric Power Engineering-- Power Transmission & Distribution-- (-1989)</subject><subject>290200 -- Energy Planning & Policy-- Economics & Sociology</subject><subject>Applied sciences</subject><subject>COST</subject><subject>Costs</subject><subject>Current supplies</subject><subject>Data security</subject><subject>ECONOMIC ANALYSIS</subject><subject>Economic forecasting</subject><subject>ECONOMICS</subject><subject>Electrical engineering. Electrical power engineering</subject><subject>Electrical power engineering</subject><subject>Energy conservation</subject><subject>Energy consumption</subject><subject>ENERGY PLANNING, POLICY AND ECONOMY</subject><subject>ENERGY SYSTEMS 296000 -- Energy Planning & Policy-- Electric Power</subject><subject>Exact sciences and technology</subject><subject>FORECASTING</subject><subject>MATHEMATICAL MODELS</subject><subject>OPERATING COST</subject><subject>Operation. Load control. Reliability</subject><subject>OUTAGES</subject><subject>Power generation economics</subject><subject>Power industry</subject><subject>Power networks and lines</subject><subject>POWER SYSTEMS</subject><subject>POWER TRANSMISSION AND DISTRIBUTION</subject><subject>PRICES</subject><subject>Pricing</subject><subject>Reactive power</subject><subject>REAL TIME SYSTEMS</subject><issn>0885-8950</issn><issn>1558-0679</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>1988</creationdate><recordtype>article</recordtype><recordid>eNpF0E1LxDAQBuAgCq6r4NVbEREv3Z0kTZscZf2EBS96DukwXSPddk26gv_euF30NId5eJl3GDvnMOMczFyZGS9UJQ_YhCulcygrc8gmoLXKtVFwzE5i_ACAMi0mbH5HX9T2G9-tsrULK9-5NsM-DjFr-pAFcm0--DVlm-AxoVN21Lg20tl-Ttnbw_3r4ilfvjw-L26XOUoJQ45EKHjRaNRFidygBALNwWkpKlPVWGqoDRa8FrrBuq6MKVFyBaKuGyEKOWWXY246xduIfiB8x77rCAdbasNToYSuR7QJ_eeW4mDXPiK1reuo30YrtNCylJDgzQgx9DEGamyqk-p-Ww72921WGbt7W6JX-0wX0bVNcB36-OcrCUZwntjFyDwR_aftIn4AAxlyAg</recordid><startdate>19880801</startdate><enddate>19880801</enddate><creator>Kirsch, L.D.</creator><creator>Sullivan, R.L.</creator><creator>Flaim, T.A.</creator><creator>Hipius, J.J.</creator><creator>Krantz, M.G.</creator><general>IEEE</general><general>Institute of Electrical and Electronics Engineers</general><scope>IQODW</scope><scope>AAYXX</scope><scope>CITATION</scope><scope>7SP</scope><scope>8FD</scope><scope>L7M</scope><scope>OTOTI</scope></search><sort><creationdate>19880801</creationdate><title>Developing marginal costs for real-time pricing</title><author>Kirsch, L.D. ; Sullivan, R.L. ; Flaim, T.A. ; Hipius, J.J. ; Krantz, M.G.</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c330t-ceec214f8c846c19c30e0810a832797bc680b9c41b28fcbb7996c31502bbf2243</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>1988</creationdate><topic>200300 -- Electric Power Engineering-- Power Transmission & Distribution-- (-1989)</topic><topic>290200 -- Energy Planning & Policy-- Economics & Sociology</topic><topic>Applied sciences</topic><topic>COST</topic><topic>Costs</topic><topic>Current supplies</topic><topic>Data security</topic><topic>ECONOMIC ANALYSIS</topic><topic>Economic forecasting</topic><topic>ECONOMICS</topic><topic>Electrical engineering. Electrical power engineering</topic><topic>Electrical power engineering</topic><topic>Energy conservation</topic><topic>Energy consumption</topic><topic>ENERGY PLANNING, POLICY AND ECONOMY</topic><topic>ENERGY SYSTEMS 296000 -- Energy Planning & Policy-- Electric Power</topic><topic>Exact sciences and technology</topic><topic>FORECASTING</topic><topic>MATHEMATICAL MODELS</topic><topic>OPERATING COST</topic><topic>Operation. Load control. Reliability</topic><topic>OUTAGES</topic><topic>Power generation economics</topic><topic>Power industry</topic><topic>Power networks and lines</topic><topic>POWER SYSTEMS</topic><topic>POWER TRANSMISSION AND DISTRIBUTION</topic><topic>PRICES</topic><topic>Pricing</topic><topic>Reactive power</topic><topic>REAL TIME SYSTEMS</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Kirsch, L.D.</creatorcontrib><creatorcontrib>Sullivan, R.L.</creatorcontrib><creatorcontrib>Flaim, T.A.</creatorcontrib><creatorcontrib>Hipius, J.J.</creatorcontrib><creatorcontrib>Krantz, M.G.</creatorcontrib><creatorcontrib>Christensen Associates, Madison, WI (US)</creatorcontrib><collection>Pascal-Francis</collection><collection>CrossRef</collection><collection>Electronics & Communications Abstracts</collection><collection>Technology Research Database</collection><collection>Advanced Technologies Database with Aerospace</collection><collection>OSTI.GOV</collection><jtitle>IEEE Trans. Power Syst.; (United States)</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext_linktorsrc</fulltext></delivery><addata><au>Kirsch, L.D.</au><au>Sullivan, R.L.</au><au>Flaim, T.A.</au><au>Hipius, J.J.</au><au>Krantz, M.G.</au><aucorp>Christensen Associates, Madison, WI (US)</aucorp><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Developing marginal costs for real-time pricing</atitle><jtitle>IEEE Trans. Power Syst.; (United States)</jtitle><stitle>TPWRS</stitle><date>1988-08-01</date><risdate>1988</risdate><volume>3</volume><issue>3</issue><spage>1133</spage><epage>1138</epage><pages>1133-1138</pages><issn>0885-8950</issn><eissn>1558-0679</eissn><coden>ITPSEG</coden><abstract>The authors describe an approach for forecasting day-ahead hourly costs for real-time pricing of electricity. Marginal costs have two components, marginal operating costs, and marginal outage costs. The approach for estimating marginal operating costs is a modification of techniques developed for security constrained dispatch. The approach for marginal outage costs involves estimating the economic damages associated with outages as well as the load-related probability that an outage will occur. Data problems and procedures required for model validation are also addressed.< ></abstract><cop>New York, NY</cop><pub>IEEE</pub><doi>10.1109/59.14573</doi><tpages>6</tpages></addata></record> |
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| identifier | ISSN: 0885-8950 |
| ispartof | IEEE Trans. Power Syst.; (United States), 1988-08, Vol.3 (3), p.1133-1138 |
| issn | 0885-8950 1558-0679 |
| language | eng |
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| source | IEEE Electronic Library (IEL) |
| subjects | 200300 -- Electric Power Engineering-- Power Transmission & Distribution-- (-1989) 290200 -- Energy Planning & Policy-- Economics & Sociology Applied sciences COST Costs Current supplies Data security ECONOMIC ANALYSIS Economic forecasting ECONOMICS Electrical engineering. Electrical power engineering Electrical power engineering Energy conservation Energy consumption ENERGY PLANNING, POLICY AND ECONOMY ENERGY SYSTEMS 296000 -- Energy Planning & Policy-- Electric Power Exact sciences and technology FORECASTING MATHEMATICAL MODELS OPERATING COST Operation. Load control. Reliability OUTAGES Power generation economics Power industry Power networks and lines POWER SYSTEMS POWER TRANSMISSION AND DISTRIBUTION PRICES Pricing Reactive power REAL TIME SYSTEMS |
| title | Developing marginal costs for real-time pricing |
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