An analysis of energy markets with prices that vary according to demand finds that this market design unexpectedly serves to amplify, rather than dampen, fluctuations in power use.
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Journal of Modern Power Systems and Clean Energy Open Access 23 August 2016
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Pentland, A. Simple market models fail the test. Nature 525, 190–191 (2015). https://doi.org/10.1038/nature15215
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DOI: https://doi.org/10.1038/nature15215
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Transactive control: a framework for operating power systems characterized by high penetration of distributed energy resources
Journal of Modern Power Systems and Clean Energy (2017)