Virtual Power Plant Auctions
Lawrence M. Ausubel and Peter Cramton ,
4
( 18 )
Utilities Policy
201-208
December
2010
Abstract

Since their advent in 2001, virtual power plant (VPP) auctions have been implemented widely. In this paper, we describe the simultaneous ascending-clock auction format that has been used for virtually all VPP auctions to date, elaborating on other design choices that most VPP auctions have had in common as well as discussing a few aspects that have varied significantly among VPP auctions.

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