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dc.contributor.advisorIgnacio Perez-Arriaga.en_US
dc.contributor.authorWhitaker, Andrew C. (Andrew Craig)en_US
dc.contributor.otherMassachusetts Institute of Technology. Technology and Policy Program.en_US
dc.coverage.spatialn-usn--en_US
dc.date.accessioned2012-02-29T17:58:30Z
dc.date.available2012-02-29T17:58:30Z
dc.date.copyright2011en_US
dc.date.issued2011en_US
dc.identifier.urihttp://hdl.handle.net/1721.1/69481
dc.descriptionThesis (S.M. in Technology and Policy)--Massachusetts Institute of Technology, Engineering Systems Division, Technology and Policy Program, 2011.en_US
dc.descriptionCataloged from PDF version of thesis.en_US
dc.descriptionIncludes bibliographical references (p. 85-88).en_US
dc.description.abstractWith restructuring of the traditional, vertically integrated electricity industry come new opportunities for electricity demand to actively participate in electricity markets. Traditional definitions of power system reliability have carried over from the vertically integrated market structure, but this thinking will become increasingly problematic as the proportion of electricity demand responsive to market prices increases. Using New England as an example, this thesis highlights these difficulties by employing a Probabilistic Production Costing model modified to account for price responsive demand. A Neural Gas clustering algorithm is used to deal with the time-varying nature of price responsive demand. We show that neglecting to account for price responsive demand could result in underestimating system reliability by traditional measures, and discuss a possible new metric to help the transition to thinking of reliability as one aspect of whole market performance.en_US
dc.description.statementofresponsibilityby Andrew C. Whitaker.en_US
dc.format.extent96 p.en_US
dc.language.isoengen_US
dc.publisherMassachusetts Institute of Technologyen_US
dc.rightsM.I.T. theses are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. See provided URL for inquiries about permission.en_US
dc.rights.urihttp://dspace.mit.edu/handle/1721.1/7582en_US
dc.subjectEngineering Systems Division.en_US
dc.subjectTechnology and Policy Program.en_US
dc.titleReliability implications of price responsive demand : a study of New England's power systemen_US
dc.title.alternativeStudy of New England's power systemen_US
dc.typeThesisen_US
dc.description.degreeS.M.in Technology and Policyen_US
dc.contributor.departmentMassachusetts Institute of Technology. Engineering Systems Division.en_US
dc.contributor.departmentMassachusetts Institute of Technology. Technology and Policy Program.en_US
dc.identifier.oclc775595674en_US


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