A two-stage VCG mechanism elicits truthful production uncertainty reports from generators in electricity markets to improve day-ahead dispatch and reduce balancing costs.
A stochastic market design with revenue adequacy and cost recovery by scenario: Benefits and costs
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Truthful Production Uncertainty in Electricity Markets: A Two-Stage Mechanism
A two-stage VCG mechanism elicits truthful production uncertainty reports from generators in electricity markets to improve day-ahead dispatch and reduce balancing costs.