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Demand response program is being implemented in the National Electricity Market of Singapore, which boosts the … flexibility of demand side to actively participate in the real-time electricity market. Meanwhile, it is also significant to … implement such a program in the day-ahead market, since load providers are able to adjust their hourly purchasing schedules …
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There is a general presumption that social preferences can be ignored if markets are competitive. Market experiments … (Smith 1962) and recent theoretical results (Dufwenberg et al. 2008) suggest that competition forces people to behave as if …
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There is a general presumption that social preferences can be ignored if markets are competitive. Market experiments … (Smith 1962) and recent theoretical results (Dufwenberg et al. 2008) suggest that competition forces people to behave as if …
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