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article · 2006

What objective function should be used for optimal auctions in the ISO/RTO electricity market?

In this paper, we provide mathematical formulations for the offer cost and MCP payment cost minimizations for optimal auctions in the ISO/RTO electricity mar...

25 citationsDOI: https://doi.org/10.1109/pes.2006.1709295
What objective function should be used for optimal auctions in the ISO/RTO electricity market?