Marginal Pricing
Makoto Tanaka,
Antonio J. Conejo and
Afzal S. Siddiqui
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Antonio J. Conejo: The Ohio State University
Afzal S. Siddiqui: Stockholm University
Chapter Chapter 4 in Economics of Power Systems, 2022, pp 117-153 from Springer
Abstract:
Abstract This chapter considers marginal prices for energy in power markets. It first describes the long- and short-term properties of such prices. In turn, it considers marginal prices pertaining to non-convex, stochastic, and multi-period market-clearing algorithms. The chapter concludes with a number of observations and suggestions for further learning.
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:isochp:978-3-030-92871-1_4
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DOI: 10.1007/978-3-030-92871-1_4
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