On the stability of wholesale electricity markets under real-time pricing

The paper proposes a mathematical model for the dynamic evolution of supply, demand, and clearing prices under a class of real-time pricing mechanisms characterized by passing on the real-time wholesale prices to the end consumers. The effects that such mechanisms could pose on the stability and eff...

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Bibliographic Details
Main Authors: Roozbehani, Mardavij, Dahleh, Munther A., Mitter, Sanjoy K.
Other Authors: Massachusetts Institute of Technology. Department of Electrical Engineering and Computer Science
Format: Article
Language:en_US
Published: Institute of Electrical and Electronics Engineers 2012
Online Access:http://hdl.handle.net/1721.1/71673
https://orcid.org/0000-0002-1470-2148
https://orcid.org/0000-0002-8619-1295