Simulation using ERCOT data finds fictitious-play dynamics reduce system peaks under coincident peak pricing while best-response dynamics are variable and can worsen peaks, with finer action resolution helping more than additional participants.
Load Forecast vs. Actual: Current Day
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Modeling Coincident Peak Pricing in Electricity Markets: Challenges and Peak Shaving Effectiveness
Simulation using ERCOT data finds fictitious-play dynamics reduce system peaks under coincident peak pricing while best-response dynamics are variable and can worsen peaks, with finer action resolution helping more than additional participants.