Abstract
The current allocation of electric energy is based on a system of fixed prices. In such a system the gap between marginal cost of energy generation and the marginal value of energy consumption, hence the resulting inefficiency, is quite large [10]. One scheme that closes this gap is that of spot pricing, [11], [3], [2].
Supported in part by NSF grants ECS-8715132 and IRI-8902813
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© 1991 Springer Science+Business Media New York
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Tan, CW., Varaiya, P. (1991). A Model for Pricing Interruptible Electric Power Service. In: Di Masi, G.B., Gombani, A., Kurzhansky, A.B. (eds) Modeling, Estimation and Control of Systems with Uncertainty. Progress in Systems and Control Theory, vol 10. Birkhäuser, Boston, MA. https://doi.org/10.1007/978-1-4612-0443-5_29
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DOI: https://doi.org/10.1007/978-1-4612-0443-5_29
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