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020 ▼a 9781085641494
035 ▼a (MiAaPQ)AAI13883501
040 ▼a MiAaPQ ▼c MiAaPQ ▼d 247004
0820 ▼a 621
1001 ▼a Mays, Jacob.
24510 ▼a Pricing Mechanisms in Competitive Electricity Markets.
260 ▼a [S.l.]: ▼b Northwestern University., ▼c 2019.
260 1 ▼a Ann Arbor: ▼b ProQuest Dissertations & Theses, ▼c 2019.
300 ▼a 127 p.
500 ▼a Source: Dissertations Abstracts International, Volume: 81-03, Section: A.
500 ▼a Advisor: Morton, David.
5021 ▼a Thesis (Ph.D.)--Northwestern University, 2019.
506 ▼a This item must not be sold to any third party vendors.
520 ▼a Owing to policy action as well as continued cost declines, solar and wind resources are projected to play a central role in many future electricity systems. Since the technological characteristics and cost structures of these resources differ significantly from traditional thermal technologies, many have questioned how market designs will need to adapt to support such a system. While the core theory of electricity market design is compatible with variable output and low marginal costs, the growth of wind and solar has exposed flaws in the way the theoretical design is implemented in most markets. This dissertation explores three facets of one particular flaw, namely, the failure to adequately price electricity during times of scarcity. Chapter 2 discusses inefficient consumption decisions caused by the incomplete reflection of time-varying wholesale electricity prices in retail rates. Next, Chapter 3 investigates the effect of non-convexities in wholesale market price formation. Then, Chapter 4 explores the role of risk trading in the long-term capacity mix. Lastly, Chapter 5 summarizes and discusses possible directions for future work.
590 ▼a School code: 0163.
650 4 ▼a Operations research.
650 4 ▼a Industrial engineering.
650 4 ▼a Management.
650 4 ▼a Energy.
690 ▼a 0796
690 ▼a 0454
690 ▼a 0546
690 ▼a 0791
71020 ▼a Northwestern University. ▼b Industrial Engineering and Management Sciences.
7730 ▼t Dissertations Abstracts International ▼g 81-03A.
773 ▼t Dissertation Abstract International
790 ▼a 0163
791 ▼a Ph.D.
792 ▼a 2019
793 ▼a English
85640 ▼u http://www.riss.kr/pdu/ddodLink.do?id=T15491309 ▼n KERIS ▼z 이 자료의 원문은 한국교육학술정보원에서 제공합니다.
980 ▼a 202002 ▼f 2020
990 ▼a ***1816162
991 ▼a E-BOOK