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Production Cost Minimization Versus Consumer Payment Minimization in Electricity Pools.
- Source :
-
IEEE Transactions on Power Systems . Feb2002, Vol. 17 Issue 1, p119. 9p. 3 Black and White Photographs, 2 Diagrams, 7 Charts, 2 Graphs. - Publication Year :
- 2002
-
Abstract
- Studies the production cost minimization approach in electricity pools, including the long-term economic signals it provides and their impact on future investments. Significance of auction design for microeconomic theory; Effect of the payment minimization strategy on final dispatches; Interdependence between short-term price determination and long-term decisions.
- Subjects :
- *ELECTRIC industries
*ELECTRIC power systems
*COST control
*COST
Subjects
Details
- Language :
- English
- ISSN :
- 08858950
- Volume :
- 17
- Issue :
- 1
- Database :
- Academic Search Index
- Journal :
- IEEE Transactions on Power Systems
- Publication Type :
- Academic Journal
- Accession number :
- 6670548
- Full Text :
- https://doi.org/10.1109/59.982202