Journal ArticleDOI
The Theory of Peak-Load Pricing: A Survey.
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This article is published in Journal of Regulatory Economics.The article was published on 1995-11-01. It has received 382 citations till now. The article focuses on the topics: Peak-load pricing & Public finance.read more
Citations
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Proceedings ArticleDOI
Optimal Real-Time Pricing Algorithm Based on Utility Maximization for Smart Grid
TL;DR: This paper analytically model the subscribers' preferences and their energy consumption patterns in form of carefully selected utility functions based on concepts from microeconomics and proposes a distributed algorithm which automatically manages the interactions among the ECC units at the smart meters and the energy provider.
Journal ArticleDOI
Advanced Demand Side Management for the Future Smart Grid Using Mechanism Design
TL;DR: Simulation results confirm that the proposed pricing method can benefit both users and utility companies and verify some important properties of the proposed VCG mechanism for demand side management such as efficiency, user truthfulness, and nonnegative transfer.
Journal ArticleDOI
The Market Value of Variable Renewables
TL;DR: In this article, the authors provide a comprehensive discussion of the market value of variable renewable energy (VRE) and how the inherent variability of wind speeds and solar radiation affects the price that VRE generators receive on the market (market value).
Journal ArticleDOI
The market value of variable renewables ☆ ☆☆: The effect of solar wind power variability on their relative price
Lion Hirth,Lion Hirth +1 more
TL;DR: In this paper, the authors provide a comprehensive discussion of the market value of variable renewable energy (VRE) and how the inherent variability of wind speeds and solar radiation affects the price that VRE generators receive on the market (market value).
Journal ArticleDOI
Integration costs revisited – An economic framework for wind and solar variability ☆
TL;DR: In this article, the authors propose a framework to analyze and quantify the integration costs of wind and solar generators in power systems, based on the marginal economic value of electricity, or market value.
References
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Book
Contestable Markets and the Theory of Industry Structure
TL;DR: In this article, the authors present a cost minimization model for a multi-product competitive industry in perfectly contestable markets, where the single product case is considered and the multiproduct case is assumed to be monopoly equilibrium.
Journal ArticleDOI
A Contribution to the Theory of Taxation
TL;DR: In this paper, the authors consider the problem of adjusting the marginal utility of money to different people in a purely competitive system with no foreign trade and assume that private and social net products are always equal or have been made so by State interference not included in the taxation.
Book
Spot Pricing of Electricity
TL;DR: In this paper, the authors present a method to find the most relevant information from Bibliogr. : p. 255-266. Index Reference Record created on 2004-09-07, modified on 2016-08-08
Posted Content
Behavior of the firm under regulatory constraint
TL;DR: In this paper, the authors discuss several of Takayama's criticisms in addition to showing that the so-called "A-J Effect" cannot be derived from the basic assumptions made by both Averch and Johnson and also present a new formulation which leads to the A-J result quoted above.