Journal ArticleDOI
Marginal Cost of Electricity: Probabilistic Formulation
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In this article, the marginal cost of producing electricity after accounting for fixed outages was calculated by using the Kernel method and the maximum penalized likelihood method to estimate the load density.Abstract:
In this article, density estimation procedure is used to calculate the marginal cost of producing electricity after accounting for fixed outages. Two density estimation techniques, the Kernel method and the maximum penalized likelihood method are used to estimate load density. Next, in a production cost modeling framework, both the marginal variable operating cost and the marginal fixed capital cost are calculated for an Indian utility.read more
Citations
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Journal ArticleDOI
The dangers of marginal cost based electricity pricing
Peeter Pikk,Marko Viiding +1 more
TL;DR: In this paper, the potential impact of more renewable electricity production on price discovery in the NordPool Spot market, which already has a high share of renewable electricity traded, was analyzed and it was shown that ceteris paribus NordPool spot is likely to have...
References
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BookDOI
Density estimation for statistics and data analysis
TL;DR: The Kernel Method for Multivariate Data: Three Important Methods and Density Estimation in Action.
Book
Reliability Assessment of Large Electric Power Systems
Roy Billinton,Ronald N. Allan +1 more
TL;DR: In this article, a wide range of relevant material related to present-day knowledge and application in power system reliability is presented, which will play a role in finding acceptable solutions to such pressures and will encourage the increased use of reliability techniques in practical applications.
Journal ArticleDOI
Nonparametric Probability Density Estimation by Discrete Maximum Penalized- Likelihood Criteria
TL;DR: In this paper, a nonparametric probability density estimator is proposed that is optimal with respect to a discretized form of a continuous penalized-likelihood criterion functional.
Journal ArticleDOI
An Investigation of Two Methods for the Probabilistic Energy Production Simulation
TL;DR: In this article, two methods for the calculation of expected energy generation have been proposed, which differ from the Baleariaux-Booth probabilistic simulation in that the concept of unserved demand is used.
Journal ArticleDOI
A note on first-best marginal cost measures in public enterprise
TL;DR: In this paper, the authors argue that the first-best measure depends on the nature of the sales transaction, whether the utility of the consumer bears the risk of demand uncertainty, and they argue that LRMC or SRMC pricing is the best choice.
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