Auction design in day-ahead electricity markets.

Competition in day-ahead electricity markets has been established through auctions where generators and loads bid prices and quantities. Different approaches have been discussed regarding the market auction design. Multi-round auctions, despite its implementation complexity, allow market participant...

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Detalles Bibliográficos
Publicado en:	IEEE Transactions on power systems 16, 3 (2001).
Autor principal:	Contreras, J.
Formato:	Artículo
Lenguaje:	inglés
Materias:	Auction design. Average daily price. Competition. Consumer surplus. Day-ahead electricity markets. Economic efficiency indicators. Generator bids. Generator surplus. Hourly market prices. Market participants. Market simulator. Multi-round auctions. Price bidding. Price/demand correlation. Quantities bidding. Social welfare.