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DTSTAMP:20240401T170928Z
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DTSTART;TZID=America/New_York:20240327T160000
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DESCRIPTION:We study the problem of deriving financially adequate prices fo
 r trading a perishable commodity under a centralized auction with environm
 ental considerations. Our model is based on an electricity market\, with p
 roducers using conventional technologies with byproduct emissions\; and en
 vironmentally clean producers subject to exogenous weather realizations\, 
 but lower emissions in production. For this purpose\, we derive a new fina
 ncially adequate market clearing pricing scheme. Unlike related financiall
 y adequate pricing schemes that only take into account the marginal market
  costs associated with market clearing commodity demands\, the proposed pr
 icing scheme also takes into account the marginal market costs associated 
 with the market participants operating at maximum capabilities. The propos
 ed pricing scheme allows to analyze the effects of environmental limitatio
 ns in the market\, as it internalizes\, in the pricing signals\, the costs
  or benefits associated with compliance of these limits by the market part
 icipants\; and in particular\, conventional technology producers including
  transit operators.\n\nSpeaker(s): Alberto Lamadrid\n\nAgenda: \n- Talk by
  Alberto Lamadrid at 4:00 pm\n- Dinner box after the talk at 5:00 pm\n- Yo
 u don't have to be an IEEE member to attend this meeting.\n\nRoom: 202\, B
 ldg: ECE\, New Jersey Institute of Technology\, 141 Warren St\, Newark\, N
 ew Jersey\, United States\, 07103
LOCATION:Room: 202\, Bldg: ECE\, New Jersey Institute of Technology\, 141 W
 arren St\, Newark\, New Jersey\, United States\, 07103
ORGANIZER:marcos.netto@njit.edu
SEQUENCE:23
SUMMARY:Pricing Designs Considering Environmental Constraints
URL;VALUE=URI:https://events.vtools.ieee.org/m/412508
X-ALT-DESC:Description: <br /><div class="page" title="Page 1">\n<div class
 ="layoutArea">\n<div class="column">\n<p>We study the problem of deriving 
 financially adequate prices for trading a perishable commodity under a cen
 tralized auction with environmental considerations. Our model is based on 
 an electricity market\, with producers using conventional technologies wit
 h byproduct emissions\; and environmentally clean producers subject to exo
 genous weather realizations\, but lower emissions in production. For this 
 purpose\, we derive a new financially adequate market clearing pricing sch
 eme. Unlike related financially adequate pricing schemes that only take in
 to account the marginal market costs associated with market clearing commo
 dity demands\, the proposed pricing scheme also takes into account the mar
 ginal market costs associated with the market participants operating at ma
 ximum capabilities. The proposed pricing scheme allows to analyze the effe
 cts of environmental limitations in the market\, as it internalizes\, in t
 he pricing signals\, the costs or benefits associated with compliance of t
 hese limits by the market participants\; and in particular\, conventional 
 technology producers including transit operators.</p>\n</div>\n</div>\n</d
 iv><br /><br />Agenda: <br /><div class="page" title="Page 2">\n<div class
 ="section">\n<div class="layoutArea">\n<div class="column">\n<p>- Talk by 
 Alberto Lamadrid at 4:00 pm<br>- Dinner box after the talk at 5:00 pm<br>-
  You don't have to be an IEEE member to attend this meeting.</p>\n</div>\n
 </div>\n</div>\n</div>
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