eprintid: 48
rev_number: 5
eprint_status: archive
userid: 4
dir: disk0/00/00/00/48
datestamp: 2005-06-29
lastmod: 2015-05-29 19:46:09
status_changed: 2009-04-08 16:52:35
type: report
metadata_visibility: show
item_issues_count: 0
creators_name: Whiten, Bill
creators_name: Kaye, Marion
creators_name: Ratneesh, Suri
title: Optimising the relationship of electricity spot price to real-time input data
ispublished: pub
subjects: utilities
subjects: finance
studygroups: misg22
companyname: Transpower Ltd
full_text_status: public
abstract: Electrical power is paid for at a marginal price calculated by an optimisation to minimise the total cost of generation based on bids made by the power generation companies and consumer requirements. Generation companies are paid on the marginal rate (the level of the highest bid accepted) determined at their location. Similarly bulk power consumers are charged on the marginal price of supply at their location, which includes costs related to delivery to the user’s location.
date: 2005
date_type: published
pages: 2
citation:   Whiten, Bill and Kaye, Marion and Ratneesh, Suri  (2005) Optimising the relationship of electricity spot price to real-time input data.  [Study Group Report]     
document_url: http://miis.maths.ox.ac.uk/miis/48/1/electric_efs.pdf
document_url: http://miis.maths.ox.ac.uk/miis/48/2/electric_rpt.pdf