Application of auctions as a pricing mechanism for the interchange of electric power

Journal Article · Tue Aug 01 00:00:00 EDT 1995 · IEEE Transactions on Power Systems

DOI:https://doi.org/10.1109/59.466485· OSTI ID:163060

Post, D L ^[1]; Coppinger, S S; Sheble, G B ^[2]

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1. Interstates Electric and Engineering Co. Inc., Sioux Center, IA (United States)
2. Iowa State Univ., Ames, IA (United States). Dept. of Electrical Engineering

The expected move to a market-based electric power industry will significantly change electric utility operations. These changes will fundamentally alter the pricing of electric power. How this pricing will be accomplished is a key issue. Traditionally, embedded cost based methods have been used. Recently, spot-pricing has received attention as a possible approach in a market-based electric power environment. Another market-based approach is the use of auctions. This paper will present the application of a sequential sealed-bid and sealed-offer auction to the pricing of electric power by using linear programming.

• OSTI ID: 163060
• Report Number(s): CONF-950103-; ISSN 0885-8950; TRN: IM9604%%164
• Journal Information: IEEE Transactions on Power Systems, Vol. 10, Issue 3; Conference: Winter meeting of the IEEE Power Engineering Society, New York, NY (United States), 29 Jan - 2 Feb 1995; Other Information: PBD: Aug 1995
• Country of Publication: United States
• Language: English

Related Subjects

24 POWER TRANSMISSION AND DISTRIBUTION
ELECTRIC POWER
PRICES
POWER SYSTEMS
RATE STRUCTURE
DECISION MAKING