Skip to main content
SpringerLink
Log in
Book cover

Modeling, Estimation and Control of Systems with Uncertainty pp 423–444Cite as

Birkhäuser

A Model for Pricing Interruptible Electric Power Service

  • Chapter

Part of the book series: Progress in Systems and Control Theory ((PSCT,volume 10))

Abstract

The current allocation of electric energy is based on a system of fixed prices. In such a system the gap between marginal cost of energy generation and the marginal value of energy consumption, hence the resulting inefficiency, is quite large [10]. One scheme that closes this gap is that of spot pricing, [11], [3], [2].

Supported in part by NSF grants ECS-8715132 and IRI-8902813

This is a preview of subscription content, log in via an institution.

Chapter
USD   29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD   169.00
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD   219.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD   219.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Learn about institutional subscriptions

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  1. P. T. Ahlstrand. Demand-side real-time pricing. In 1986 Annual Report, Pacific Gas & Electric Co., 1987.

    Google Scholar 

  2. R. E. Bohn, M. C. Caramanis, and F. C. Schweppe. Optimal pricing in electrical networks over space and time. Rand Journal of Economics,15(3):360–376, Autumn 1984.

    Article  Google Scholar 

  3. M. C. Caramanis, R. E. Bohn, and F. C. Schweppe. Optimal spot pricing: practices and theory. IEEE Transactions on Power Apparatus and Systems, PAS-101(9):3234–3245, 1982.

    Article  Google Scholar 

  4. H. P. Chao and R. B. Wilson. Priority service: pricing, investment, and market organization.American Economic Review, 77:899–916, December 1987.

    Google Scholar 

  5. G. Debreu. Theory of Value: An Axiomatic Analysis of Economic Equilibrium. Cowles Foundation for Research in Economics at Yale University, Monograph 17, Yale University Press, 1959.

    Google Scholar 

  6. S. Kakutani. A generalization of the brouwer’s fixed point theorem. Duke Mathematical Journal, 8:457–459, 1941.

    Article  Google Scholar 

  7. S. S. Oren, S. A. Smith, R. B. Wilson, and H. P. Chao. Priority service: unbundling the quality attributes of electric power. In EPRI Interim Report, EA-4S51, Electric Power Research Institute, Palo Alto, CA, 1986.

    Google Scholar 

  8. L. S. Pontryagin, V. G. Boltyanskii, R. V. Gamkrelidze, and E. F. Mishchenko. The Mathematical Theory of Optimal Processes. Inter-science Division of John Wiley & Sons, Inc., 1962.

    Google Scholar 

  9. C.-W. Tan. Prices for Interruptible Electric Power Service. PhD thesis, Department of Electrical Engineering and Computer Sciences, University of California, Berkeley, December 1990.

    Google Scholar 

  10. C.-W. Tan and P. Varaiya. Interruptible Electric Power Service Contracts.UCB/ERL/IGCT Memorandum No. M90/108, Electronics Research Laboratory, University of California, Berkeley, 1990.

    Google Scholar 

  11. W. Vickrey. Responsive pricing of public utility service. Bell Journal of Economics and Management Science, 2(l):337–346, 1971.

    Article  Google Scholar 

Download references

Author information

Authors and Affiliations

  1. Department of Electrical Engineering & Computer Sciences, University of California, Berkeley, CA, 94720, USA

    Chin-Woo Tan & Pravin Varaiya

Authors
  1. Chin-Woo Tan
    View author publications

    You can also search for this author in PubMed Google Scholar

  2. Pravin Varaiya
    View author publications

    You can also search for this author in PubMed Google Scholar

Editor information

Editors and Affiliations

  1. Dipartimento di Matematica Pura ed Applicata, Università di Padova, I-35100, Padova, Italy

    Giovanni B. Di Masi

  2. LADSEB-CNR, Corso Stati Uniti 4, 35020, Padova, Italy

    Andrea Gombani

  3. Department of Systems and Decision Sciences, International Institute for System Analysis, Laxenburg, Austria

    Alexander B. Kurzhansky

Rights and permissions

Reprints and permissions

Copyright information

© 1991 Springer Science+Business Media New York

About this chapter

Cite this chapter

Tan, CW., Varaiya, P. (1991). A Model for Pricing Interruptible Electric Power Service. In: Di Masi, G.B., Gombani, A., Kurzhansky, A.B. (eds) Modeling, Estimation and Control of Systems with Uncertainty. Progress in Systems and Control Theory, vol 10. Birkhäuser, Boston, MA. https://doi.org/10.1007/978-1-4612-0443-5_29

Download citation

  • DOI: https://doi.org/10.1007/978-1-4612-0443-5_29

  • Publisher Name: Birkhäuser, Boston, MA

  • Print ISBN: 978-1-4612-6762-1

  • Online ISBN: 978-1-4612-0443-5

  • eBook Packages: Springer Book Archive

Publish with us

Policies and ethics

Search

Navigation