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Price decoupling in a simple electricity market model with block and minimum income condition orders

Csercsik, Dávid (2018) Price decoupling in a simple electricity market model with block and minimum income condition orders. In: 19th IEEE Mediterranean Electrotechnical Conference (MELECON) 2018, 2018. május 2-7, Marrakesh, Marokkó.

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Abstract

We propose a simple market scenario with fill-or-kill, block and minimum income orders to test the effect of various clearing mechanisms in a computationally easy-to-handle environment. We consider two classical clearing-price based approaches as reference, which differ in the acceptance rules of block bids, and a novel clearing method, where we decouple demand and supply side prices. We show that if we apply price decoupling for, the total social welfare may be significantly increased.

Item Type: Conference or Workshop Item (Paper)
Subjects: T Technology / alkalmazott, műszaki tudományok > TK Electrical engineering. Electronics Nuclear engineering / elektrotechnika, elektronika, atomtechnika
Depositing User: Dávid Csercsik
Date Deposited: 04 Dec 2018 09:45
Last Modified: 04 Dec 2018 09:45
URI: http://real.mtak.hu/id/eprint/88148

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