Cart (Loading....) | Create Account
Close category search window
 

New price system to mitigate marginal price volatility in electricity markets

Sign In

Cookies must be enabled to login.After enabling cookies , please use refresh or reload or ctrl+f5 on the browser for the login options.

Formats Non-Member Member
$31 $13
Learn how you can qualify for the best price for this item!
Become an IEEE Member or Subscribe to
IEEE Xplore for exclusive pricing!
close button

puzzle piece

IEEE membership options for an individual and IEEE Xplore subscriptions for an organization offer the most affordable access to essential journal articles, conference papers, standards, eBooks, and eLearning courses.

Learn more about:

IEEE membership

IEEE Xplore subscriptions

2 Author(s)
Reta, R. ; Univ. Nac. de San Juan, San Juan, Argentina ; Vargas, A.

Price systems based on the marginal cost theory are used in many electricity power markets. In the last years, some power markets have changed regulations in order to mitigate marginal prices volatility. New regulations have been adopted arbitrary price caps or have been changed the methodology to compute nodal marginal prices, for example, without considering transmission network constraints. Nodal prices computed without network constraints neglect market signals due to network congestion. The objective of this work is to present a new price system, based on the marginal cost theory, which mitigates price volatility. The method recovers extra generation costs caused by network constraints, by means of the congestion rents. The resulting nodal prices are less volatile and preserve somehow the congestion market signals related to new generation location and demand behavior.

Published in:

Latin America Transactions, IEEE (Revista IEEE America Latina)  (Volume:9 ,  Issue: 5 )

Date of Publication:

Sept. 2011

Need Help?


IEEE Advancing Technology for Humanity About IEEE Xplore | Contact | Help | Terms of Use | Nondiscrimination Policy | Site Map | Privacy & Opting Out of Cookies

A not-for-profit organization, IEEE is the world's largest professional association for the advancement of technology.
© Copyright 2014 IEEE - All rights reserved. Use of this web site signifies your agreement to the terms and conditions.