Elastic demand in uplift minimizing pricing scheme: the study of non-convex, network constrained energy market

Izabela Żółtowska

Abstract

The purpose of this paper is to explore how the price-responsive demand could reduce the generation and transmission capacity constraints’ impact when setting the prices. The need for elastic demand inclusion in the uplift minimizing pricing model is clearly explained. The paper shows that it will increase individual customers benefit and satisfaction together with non-convex energy market performance. Numerical results are conducted on a multi-period version of a five-nodes PJM training case and IEEE RTS 24 nodes 24 hours system.
Author Izabela Żółtowska (FEIT / AK)
Izabela Żółtowska,,
- The Institute of Control and Computation Engineering
Journal seriesRynek Energii, ISSN 1425-5960
Issue year2013
No1/104
Pages121-126
ASJC Classification2100 General Energy; 2600 General Mathematics
URL http://www.kaprint.pl/content/elastic-demand-uplift-minimizing-pricing-scheme-study-non-convex-network-constrained-energ-0
Languageen angielski
Score (nominal)11
Score sourcejournalList
ScoreMinisterial score = 9.0, 13-12-2019, ArticleFromJournal
Ministerial score (2013-2016) = 11.0, 13-12-2019, ArticleFromJournal
Publication indicators Scopus Citations = 1; Scopus SNIP (Source Normalised Impact per Paper): 2013 = 0.569; WoS Impact Factor: 2010 = 0 (2)
Citation count*1 (2016-09-19)
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* presented citation count is obtained through Internet information analysis and it is close to the number calculated by the Publish or Perish system.
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