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Equity and efficiency of unit commitment in competitive electricity markets

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  • Johnson, Raymond B.
  • Oren, Shmuel S.
  • Svoboda, Alva J.

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  • Johnson, Raymond B. & Oren, Shmuel S. & Svoboda, Alva J., 1997. "Equity and efficiency of unit commitment in competitive electricity markets," Utilities Policy, Elsevier, vol. 6(1), pages 9-19, March.
  • Handle: RePEc:eee:juipol:v:6:y:1997:i:1:p:9-19
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    References listed on IDEAS

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    1. Oren, Shmuel S. & Spiller, Pablo T. & Varaiya, Pravin & Wu, Felix, 1995. "Nodal prices and transmission rights: A critical appraisal," The Electricity Journal, Elsevier, vol. 8(3), pages 24-35, April.
    2. Ruff, Larry E., 1994. "Stop wheeling and start dealing: Resolving the transmission dilemma," The Electricity Journal, Elsevier, vol. 7(5), pages 24-43, June.
    3. Hogan, William W., 1995. "A wholesale pool spot market must be administered by the independent system operator: Avoiding the separation fallacy," The Electricity Journal, Elsevier, vol. 8(10), pages 26-37, December.
    4. Lucas, Nigel & Taylor, Peter, 1994. "Structural deficiencies in electricity pricing in the pool," Utilities Policy, Elsevier, vol. 4(1), pages 72-76, January.
    5. David M. Newbery, 1995. "Power Markets and Market Power," The Energy Journal, International Association for Energy Economics, vol. 0(Number 3), pages 39-66.
    6. John A. Muckstadt & Sherri A. Koenig, 1977. "An Application of Lagrangian Relaxation to Scheduling in Power-Generation Systems," Operations Research, INFORMS, vol. 25(3), pages 387-403, June.
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    Cited by:

    1. Jens Hönen & Johann L. Hurink & Bert Zwart, 2023. "A classification scheme for local energy trading," OR Spectrum: Quantitative Approaches in Management, Springer;Gesellschaft für Operations Research e.V., vol. 45(1), pages 85-118, March.
    2. Gokturk Poyrazoglu & HyungSeon Oh, 2019. "Co-optimization of Transmission Maintenance Scheduling and Production Cost Minimization," Energies, MDPI, vol. 12(15), pages 1-18, July.
    3. Rajnish Kamat & Shmuel Oren, 2004. "Two-settlement Systems for Electricity Markets under Network Uncertainty and Market Power," Journal of Regulatory Economics, Springer, vol. 25(1), pages 5-37, January.
    4. Fischer, Ronald & Serra, Pablo, 2003. "Energy prices in the presence of plant indivisibilities," Energy Economics, Elsevier, vol. 25(4), pages 303-314, July.
    5. Sioshansi, Ramteen & Oren, Shmuel & O'Neill, Richard, 2010. "Three-part auctions versus self-commitment in day-ahead electricity markets," Utilities Policy, Elsevier, vol. 18(4), pages 165-173, December.
    6. Eldridge, B. & O’Neill, R. & Hobbs, B., 2018. "Pricing in Day-Ahead Electricity Markets with Near-Optimal Unit Commitment," Cambridge Working Papers in Economics 1872, Faculty of Economics, University of Cambridge.
    7. Vadim Borokhov, 2022. "Utilizing the redundant constraints for the uplift payment elimination," Operational Research, Springer, vol. 22(2), pages 1377-1402, April.
    8. Ramteen Sioshansi and Ashlin Tignor, 2012. "Do Centrally Committed Electricity Markets Provide Useful Price Signals?," The Energy Journal, International Association for Energy Economics, vol. 0(Number 4).
    9. Sven de Vries & Rakesh V. Vohra, 2003. "Combinatorial Auctions: A Survey," INFORMS Journal on Computing, INFORMS, vol. 15(3), pages 284-309, August.
    10. Yang, Yuanchao & Wang, Jianhui & Guan, Xiaohong & Zhai, Qiaozhu, 2012. "Subhourly unit commitment with feasible energy delivery constraints," Applied Energy, Elsevier, vol. 96(C), pages 245-252.
    11. O'Neill, Richard P. & Sotkiewicz, Paul M. & Hobbs, Benjamin F. & Rothkopf, Michael H. & Stewart, William R., 2005. "Efficient market-clearing prices in markets with nonconvexities," European Journal of Operational Research, Elsevier, vol. 164(1), pages 269-285, July.
    12. Liu, Yanchao & Holzer, Jesse T. & Ferris, Michael C., 2015. "Extending the bidding format to promote demand response," Energy Policy, Elsevier, vol. 86(C), pages 82-92.
    13. Ramteen Sioshansi & Emma Nicholson, 2011. "Towards equilibrium offers in unit commitment auctions with nonconvex costs," Journal of Regulatory Economics, Springer, vol. 40(1), pages 41-61, August.
    14. Sven de Vries & Rakesh Vohra, 2000. "Combinatorial Auctions: A Survey," Discussion Papers 1296, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    15. Wang, Yi & Yang, Zhifang & Yu, Juan & Liu, Sixu, 2023. "Pricing in non-convex electricity markets with flexible trade-off of pricing properties," Energy, Elsevier, vol. 274(C).
    16. Sioshansi, Ramteen & Miller, Jacob, 2011. "Plug-in hybrid electric vehicles can be clean and economical in dirty power systems," Energy Policy, Elsevier, vol. 39(10), pages 6151-6161, October.
    17. Chen, Haitao & Zhang, Bin & Wang, Zhaohua, 2022. "Hidden inequality in household electricity consumption: Measurement and determinants based on large-scale smart meter data," China Economic Review, Elsevier, vol. 71(C).
    18. Sioshansi, Ramteen, 2014. "Pricing in centrally committed electricity markets," Utilities Policy, Elsevier, vol. 31(C), pages 143-145.

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