Braided Cobwebs: Cautionary Tales for Dynamic Pricing in Retail Electric Power Markets

This study investigates the effects of dynamic-price retail contracting on integrated retail and wholesale (IRW) power market operations. Performance is evaluated by means of carefully defined metrics for system stability and market participant welfare. The study is carried out for an IRW Test Case...

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Veröffentlicht in:	IEEE transactions on power systems 2018-11, Vol.33 (6), p.6870-6882
Hauptverfasser:	Thomas, Auswin George, Tesfatsion, Leigh
Format:	Artikel
Sprache:	eng
Schlagworte:	Air conditioners Air conditioning Braiding cobweb dynamics Contraction Contracts Dynamic stability Electric power system Electricity pricing Engineering Households integrated transmission and distribution operations market participant welfare Markets Power system dynamics Power system stability Pricing Real-time systems retail dynamic pricing Stability analysis system stability Systems stability
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