Reliability and competitive electricity markets
成果类型：
Article
署名作者：
Joskow, Paul; Tirole, Jean
署名单位：
Massachusetts Institute of Technology (MIT); Universite de Toulouse; Universite Toulouse 1 Capitole; Toulouse School of Economics
刊物名称：
RAND JOURNAL OF ECONOMICS
ISSN/ISSBN：
0741-6261
DOI：
10.1111/j.1756-2171.2007.tb00044.x
发表日期：
2007
页码：
60-84
关键词：
摘要：
We derive the optimal prices and investment program for an electric power system when there are price-insensitive retail consumers served by load serving entities that can choose any level of rationing contingent on real-time prices. We then examine the assumptions required for competitive electricity markets to achieve this optimal price and investment program and the implications of relaxing several of these assumptions. We analyze the interrelationships between regulator-imposed wholesale market price caps and generating capacity obligations. The implications of potential network collapses for operating reserve requirements and whether market prices yield generation investments consistent with these reserve requirements are examined.
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