BibTeX
@MISC{Celebi_managementsciences,
author = {Emre Celebi and Emre Celebi},
title = {Management Sciences},
year = {}
}
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Abstract
I hereby declare that I am the sole author of this thesis. This is a true copy of the thesis, including any required final revisions, as accepted by my examiners. I understand that my thesis may be made electronically available to the public. ii Suppliers in competitive electricity markets regularly respond to prices that change hour by hour or even more frequently, but most consumers respond to price changes on a very different time scale, i.e. they observe and respond to changes in price as reflected on their monthly bills. This thesis examines mixed complementarity programming models of equilibrium that can bridge the speed of response gap between suppliers and consumers, yet adhere to the principle of marginal cost pricing of electricity. It develops a computable equilibrium model to estimate the time-of-use (TOU) prices that can be used in retail electricity markets. An optimization model for the supply side of the electricity market, combined with a price-responsive geometric distributed lagged demand function, computes the TOU prices that satisfy the
Keyphrases
management science different time scale ii supplier tou price marginal cost pricing electricity market price change optimization model retail electricity market competitive electricity market required final revision mixed complementarity true copy sole author response gap computable equilibrium model monthly bill price-responsive geometric supply side lagged demand function
