Indian Institute of Public Administration

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Economic surplus for buyers in the day-ahead electricity market (Record no. 528843)

000 -LEADER
fixed length control field 01124nam a22001337a 4500
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field 250127b ||||| |||| 00| 0 eng d
100 ## - MAIN ENTRY--PERSONAL NAME
Personal name Agrawal, Atul
245 ## - TITLE STATEMENT
Title Economic surplus for buyers in the day-ahead electricity market
260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT)
Place of publication, distribution, etc Economic & Political Weekly
300 ## - PHYSICAL DESCRIPTION
Extent 59(51), Dec 21, 2024: p.35-41
520 ## - SUMMARY, ETC.
Summary, etc During October 2021 and February–March 2022, Indian power exchanges experienced a significant gap between buy and sell bids. In 309 time blocks, the market cleared at the maximum price due to the bidding behaviour of buyers. This raises questions about the algorithm’s impact on individual surpluses of buyers and sellers. To address this, we propose an alternate approach where the market is cleared at the price point of the last sell offer, allocating available supply to the marginal buyer with the highest valuation. This would ensure buyers’ surplus without changing the total economic surplus.- Reproduced

https://www.epw.in/journal/2024/51/perspectives/economic-surplus-buyers-day-ahead-electricity.html
773 ## - HOST ITEM ENTRY
Main entry heading Economic & Political Weekly
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Item type Articles
Holdings
Withdrawn status Lost status Source of classification or shelving scheme Damaged status Not for loan Permanent location Current location Date acquired Serial Enumeration / chronology Barcode Date last seen Koha item type
          Indian Institute of Public Administration Indian Institute of Public Administration 2025-01-27 59(51), Dec 21, 2024: p.35-41 AR135037 2025-01-27 Articles

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