International Journal of Emerging Electric Power Systems
Editor-in-Chief: Sidhu, Tarlochan
Ed. by Khaparde, S A / Rosolowski, Eugeniusz / Saha, Tapan K / Gao, Fei
CiteScore 2018: 0.86
SCImago Journal Rank (SJR) 2018: 0.220
Source Normalized Impact per Paper (SNIP) 2018: 0.430
Efficient Market Design and Public Goods, Part I: Economic Models
The theory used by economists to support restructuring of the electric power industry has ignored several important technological constraints and public goods that affect the way in which power is delivered. Similarly, engineers, by using security-constrained optimization to incorporate the demand for reliability, have failed to properly define the economic problem. In this two-part paper we attempt to remedy the deficiencies of both the economists approach and the security-constrained optimization approach through a collaboration of economists and engineers to examine the theoretical properties of a networked power system that provides optimal resource allocation.