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) |
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| 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: | 05 Apr 2023 07:52 |
| URI: | http://real.mtak.hu/id/eprint/88148 |
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