Real Time Pricing and Deregulating the Electricity Market,

Abstract

Real-time pricing of electricity may result in major efficiency improvements in the consumption and production of electric power. It can be realized by using current microelectronic technology to implement a dynamic power marketplace, with low entrance barriers and adaptive pricing reflecting the marginal costs of generation. A complex and interrelated set of technical, political, economic, and regulatory questions surround the notion of real-time pricing of electricity. They are briefly outlined in this paper. A current bibliography of material relevant to these studies is also included. (Author)

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Document Details

Document Type
Technical Report
Publication Date
Feb 01, 1980
Accession Number
ADA095458

Entities

People

  • David Leinweber

Organizations

  • RAND Corporation

Tags

DTIC Thesaurus Topics

  • Cogeneration
  • Computers
  • Control Systems
  • Corporations
  • Economic Analysis
  • Efficiency
  • Electric Power
  • Electricity
  • Energy Management
  • Energy Systems
  • Information Processing
  • Jet Propulsion
  • Law
  • Load Monitoring
  • Motivation
  • Organizational Structure
  • Systems Engineering

Readers

  • Distributed Systems and Data Platform Development
  • Economics

Technology Areas

  • Microelectronics