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Testing the Effects of Price Responsive Demand on Pay-as-Offered and Soft-Cap Electricity Auctions
Big Island, Hawaii January 07-January 10
DOI Bookmark: http://doi.ieeecomputersociety.org/10.1109/HICSS.2002.99395835th Annual Hawaii International Conf ...
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CSMAR04Testing auction mechanisms experimentally in a controlled environment provides an inexpensive means for evaluating their relative merits. This paper describes a framework for testing the efficacy of a price-responsive load on a uniform price last accepted offer and a soft-cap market. Experimental evidence to date based on uniform price market testing has shown an ability of price responsive load to mitigate high volatility and average price. The paper addresses a process to validate these results as well as our hypothesis that price responsive load will mitigate high soft cap market price behavior such as was seen in California.
Citation:
R. Thomas, T. Mount, R. Zimmerman, W. Schulze, R. Schuler, L. Chapman, "Testing the Effects of Price Responsive Demand on Pay-as-Offered and Soft-Cap Electricity Auctions," hicss, vol. 2, pp.54, 35th Annual Hawaii International Conference on System Sciences (HICSS'02)-Volume 2, 2002
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