Electricity Market Structure and Pricing Analyses

Panos M. Pardalos (), Anil Singh () and Wenche Wang ()
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Panos M. Pardalos: University of Florida
Anil Singh: University of Florida
Wenche Wang: University of Michigan

A chapter in Optimization Methods and Applications, 2017, pp 379-402 from Springer

Abstract: Abstract In this chapter, we provide an overview of the electricity market structure and discuss its characteristics. We also survey the regulation policies on electricity prices and the existing price forecasting techniques in a market-driven electricity industry. The complex nature of electricity markets makes it difficult to design optimal policies for the policy makers. It also makes it challenging for market participants to conduct price forecasting. Additionally, the dynamic nature of the electricity markets creates strong demand for researchers to come up with a more accurate prediction.

Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:spr:spochp:978-3-319-68640-0_18

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DOI: 10.1007/978-3-319-68640-0_18

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