Tim Mount

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EPTD Discussion Papers contain preliminary material and research results, and are circulated prior to a full peer review in order to stimulate discussion and critical comment. It is expected that most Discussion Papers will eventually be published in some other form, and that their content may also be revised. ABSTRACT Rapid industrial development and(More)
EPTD Discussion Papers contain preliminary material and research results, and are circulated prior to a full peer review in order to stimulate discussion and critical comment. It is expected that most Discussion Papers will eventually be published in some other form, and that their content may also be revised. ABSTRACT A Generalized Maximum Entropy (GME)(More)
It is the policy of Cornell University actively to support equality of educational and employment opportunity. No person shall be denied admission to any educational program or activity or be denied employment on the basis of any The University is committed to the maintenance of affirmative action programs which will assure the continuation of such equality(More)
Earlier research has shown that the behavior of spot prices in the new auction markets for electricity can be described by a stochastic regime-switching model. This model captures the observed price spikes that occur in these markets, particularly during the summer months when levels of load are high. The first part of the paper shows how the exploitation(More)
High voltage electricity systems may become more reliable under market-based dispatch than they were under cost-based, regulated assignments if customers are faced with real-time prices. As an example, in Australia where all electricity is transacted through a spot energy market without any regulatory price caps, retail suppliers and large customers have(More)
The first part of the paper summarizes how " co-optimization " can be used to determine the correct nodal prices for an optimum AC dispatch that meets industry standards of operating reliability. The co-optimization criterion minimizes the expected cost of meeting load over an explicit set of credible contingencies. The corresponding nodal prices reflect(More)
It is the Policy of Cornell University actively to support equality of educational and employment opportunity. No person shall be denied admission to any educational program or activity or be denied employment on the basis of any legally prohibited discrimination committed to the maintenance of affirmative action programs which will assure the continuation(More)
• It is the policy of Cornell University actively to support equality of educational and employment opportunity. No person shall be denied admission to any educational program or activity or be denied employment on the basis of any legally prohibited dis­ crimination involving, but not limited to, such factors as race, color, creed, religion, national or(More)