Title
A static deterministic linear peak-load pricing model for the electricity industry: Application to the Peruvian case
Date Issued
01 July 2015
Access level
metadata only access
Resource Type
journal article
Author(s)
Publisher(s)
Elsevier
Abstract
This article presents a static deterministic linear peak-load pricing model which finds the optimal mix of generation technologies for a given duration curve. The main contribution of the article is the idea of discretizing the duration curve. Since any real duration curve can be approximated by a discretized one, the optimal capacity mix for real world situation can be derived using a linear programming software. Then, for the model with the discretized duration curve, we derive the centralized optimal solution. Also, we show that applying marginal cost pricing allows for the recovery of all generation costs when the mix of technologies is optimal. Finally, we present an application of the proposed model to the Peruvian case; we comment and compare the results with the real capacity mix of the system for the years 2008-2013.
Start page
202
End page
206
Volume
50
Language
English
OCDE Knowledge area
Sistemas de automatización, Sistemas de control
Ingeniería eléctrica, Ingeniería electrónica
Subjects
Scopus EID
2-s2.0-84930943874
Source
Energy Economics
ISSN of the container
0140-9883
Sponsor(s)
This article was financially supported by the PAIP 2014 Award # 2014-1 of the Pontificia Universidad Católica del Perú . We also thank the reviewers for their comments.
Sources of information:
Directorio de Producción Científica
Scopus