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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

Contingency Planning Spot Price Private User Security Control Price Period 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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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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