Spot Price Based Rates

  • Fred C. Schweppe
  • Michael C. Caramanis
  • Richard D. Tabors
  • Roger E. Bohn
Part of the The Kluwer International Series in Engineering and Computer Science book series (PEPS)

Abstract

Chapters 6 through 8 presented the theory underlying the hourly spot price defined as follows:

Hourly Spot Price: Marginal value of energy ($/kWh) for the next hour computed at the beginning of the hour assuming complete knowledge of the operating conditions, costs, etc., that will exist during the hour.

Keywords

Furnace Covariance Expense Dispatch 

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Copyright information

© Kluwer Academic Publishers 1988

Authors and Affiliations

  • Fred C. Schweppe
    • 1
  • Michael C. Caramanis
    • 2
  • Richard D. Tabors
    • 1
  • Roger E. Bohn
    • 3
  1. 1.Massachusetts Institute of TechnologyUSA
  2. 2.Boston UniversityUSA
  3. 3.Harvard Business SchoolUSA

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