IEEE Power & Energy Magazine - November/December 2017 - 71

objectives and find the best design that meets the majority of
those objectives. As a result, certain tradeoffs may need to
be considered. As an example, the Federal Energy Regulatory Commission (FERC) has listed the following four principles in its recent price formation initiative:

1) maximize market surplus for consumers and suppliers
2) provide correct incentives for market participants to
follow commitment and dispatch instructions, make
efficient investments in facilities and equipment, and
maintain reliability
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Table of Contents for the Digital Edition of IEEE Power & Energy Magazine - November/December 2017

IEEE Power & Energy Magazine - November/December 2017 - Cover1
IEEE Power & Energy Magazine - November/December 2017 - Cover2
IEEE Power & Energy Magazine - November/December 2017 - 1
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IEEE Power & Energy Magazine - November/December 2017 - Cover3
IEEE Power & Energy Magazine - November/December 2017 - Cover4
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