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Two-settlement electric power markets with dynamic-price customers

Author

Listed:
  • Zhao, Huan
  • Thomas, Auswin George
  • Jahangiri, Pedram
  • Cai, Chengrui
  • Tesfatsion, Leigh
  • Aliprantis, Dionysios C.

Abstract

This study will report both analytical and computational testbed findings regarding the effects of retail dynamic-price contracting on power system operations. The key issue under study is the extent to which the introduction of dynamic price contracts for retail consumers affects the efficiency of both retail and wholesale power market operations through changes in price volatility and load profiles at wholesale, and through re-allocations of risk between load-serving entities and retail consumers.

Suggested Citation

  • Zhao, Huan & Thomas, Auswin George & Jahangiri, Pedram & Cai, Chengrui & Tesfatsion, Leigh & Aliprantis, Dionysios C., 2011. "Two-settlement electric power markets with dynamic-price customers," ISU General Staff Papers 201101010800001049, Iowa State University, Department of Economics.
    • Handle: RePEc:isu:genstf:201101010800001049
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