An optimization-based partial marginal pricing method to reduce excessive consumer payment in electricity markets
Yi Wang, Zhifang Yang, Juan Yu, Junyong Liu
Topics & Concepts
BiddingMarginal costVariable pricingPaymentMicroeconomicsEconomicsMarginal revenuePricing scheduleRevenueRational pricingMathematical optimizationEconometricsFinanceMathematicsCapital asset pricing modelElectric Power System OptimizationSmart Grid Energy ManagementOptimal Power Flow Distribution