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1. Production Cost Minimization Versus Consumer Payment Minimization in Electricity Pools.

Author

Vázquez, Carlos, Rivier, Michel, and Pérez-Arriaga, Ignacio J.

Subjects
*ELECTRIC industries, *ELECTRIC power systems, *COST control, *COST
Abstract

Studies the production cost minimization approach in electricity pools, including the long-term economic signals it provides and their impact on future investments. Significance of auction design for microeconomic theory; Effect of the payment minimization strategy on final dispatches; Interdependence between short-term price determination and long-term decisions.

Published
2002
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