Roozbehani, Mardavij; Dahleh, Munther A; Mitter, Sanjoy K - arXiv.org - 2011
The paper proposes a framework for modeling and analysis of the dynamics of supply, demand, and clearing prices in power system with real-time retail pricing and information asymmetry. Real-time retail pricing is characterized by passing on the real-time wholesale electricity prices to the end...