Distributed Load-Shedding in the Balancing of Electricity Markets

dc.contributor.authorCRAMPES, Claude
dc.contributor.authorLEAUTIER, Thomas-Olivier
dc.date.accessioned2012-09-19T14:32:01Z
dc.date.available2012-09-19T14:32:01Z
dc.date.issued2012
dc.description.abstractThanks to "smart grids", consumers will gradually become active players in electricity markets, especially by voluntarily decreasing their consumption when receiving scarcity messages from the market operator. For a fast and efficient transition to a more dynamic industry, the regulatory and pricing scheme used both for the endowment of consumers with curtailment rights and the exercise of the options must decentralize the socially optimal dispatching. In particular, the options must be acquired at the retail price. This price is to be an income for the suppliers of energy who have defaulted or who have been withdrawn from the initial dispatch. When exercised, the options of load shedding are to be rewarded at the wholesale price paid by defaulting producers. The volume of the options must be allocated to each consumer taking into account his ability to manipulate information on his profile of consumption and his ability to modify the profile.en
dc.format.mimetypeapplication/pdf
dc.identifier.issn1028-3625
dc.identifier.urihttps://hdl.handle.net/1814/23854
dc.language.isoenen
dc.relation.ispartofseriesEUI RSCASen
dc.relation.ispartofseries2012/40en
dc.relation.ispartofseriesLoyola de Palacio Programme on Energy Policyen
dc.rightsinfo:eu-repo/semantics/openAccess
dc.subjectEnergy efficiencyen
dc.subjectLoad managementen
dc.subjectIndustrial economicsen
dc.subjectPower generation economicsen
dc.subjectSupply and demanden
dc.subjectInnovation managementen
dc.titleDistributed Load-Shedding in the Balancing of Electricity Marketsen
dc.typeWorking Paperen
dspace.entity.typePublication
eui.subscribe.skiptrue
person.identifier.other43855
relation.isAuthorOfPublicationdf5a99c5-1617-4adb-8fd5-0efc395127a4
relation.isAuthorOfPublication.latestForDiscoverydf5a99c5-1617-4adb-8fd5-0efc395127a4
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