X hits on this document

Powerpoint document

Design of New England’s Wholesale Electricity Market - page 19 / 42

112 views

0 shares

0 downloads

0 comments

19 / 42

19

Spot-Price System is Problematic

5-min LP optimization inconsistent with day-ahead optimization

intertemporal constraints

allowance for forecast errors

Not being paid for day-ahead commitments

peak prices are biased too low

disadvantages flexible resources

Absence of demand-side bidding biases prices too high

Document info
Document views112
Page views112
Page last viewedSat Dec 10 05:47:01 UTC 2016
Pages42
Paragraphs496
Words1836

Comments