Optimal Pricing in Electrical Networks over Space and Time

An electrical system is modelled with a transmission network, customers, central generators, and independent generators. The system is subject to stochastic failures and stochastic demand parameters. Optimal spot prices are derived for the system. They vary stochastically with space and time, and de...

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Veröffentlicht in:	The Rand journal of economics 1984-10, Vol.15 (3), p.360-376
Hauptverfasser:	Bohn, Roger E., Caramanis, Michael C., Schweppe, Fred C.
Format:	Artikel
Sprache:	eng
Schlagworte:	Approximation Competition Electric generators Electric potential Electricity Electricity distribution Energy Mathematical models Matrices Network access lines Networks Peak load pricing Power lines Public utilities Transmission lines
Online-Zugang:	Volltext
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