000			01124nam a22001337a 4500
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100			_aAgrawal, Atul _950378
245			_aEconomic surplus for buyers in the day-ahead electricity market
260			_aEconomic & Political Weekly
300			_a 59(51), Dec 21, 2024: p.35-41
520			_aDuring 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			_aEconomic & Political Weekly
942			_cAR