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| Author: | Alvarado, F. |
| Title: | The stability of electric energy markets |
| Journal: | Decision Support Systems
1999 : VOL. 25:1, p. 233-242 |
| Index terms: | STABILIZATION ELECTRICITY INDUSTRY ENERGY |
| Language: | eng |
| Abstract: | Power system markets represented by dynamic equations provide insights into the market behavior which are not available from static models. In particular: (1) markets that are required to balance supply and demand precisely at all times may be unstable if one supplier exhibits economies of scale and will be unstable in two suppliers exhibit this behavior. The instability is characterized by one or more positive eigenvalues. |
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