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Distributions of Nodal Prices in PJM Market
2004 Volume 124 Issue 2 Pages 570-575
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2004 Volume 124 Issue 2 Pages 570-575
As the deregulation of electric business proceeds, it is important to analyze the distributions of prices in the power market. In this paper, we analyze the nodal prices of the PJM market, which is representative of power markets in the US. First, we verify Weibull’s property of the distribution of nodal prices. Then we verify Poisson’s property of the interval of loss process.
The transactions of the Institute of Electrical Engineers of Japan.C
The Journal of the Institute of Electrical Engineers of Japan
