PSERC
16
Experimental Results
1.Which Market Structure is Most Efficient
(As % of Theoretical Maximum)?
 Active Demand/Preset Cost-Based             Full Two-Sided
      Supply with Random Shift    Market
RTP          99.6%            99.4%
DRP          96.9%         98.7%
FP          98.7%         99.1%
2.    What Rate Change is Required After Runs to Balance the Budget?
  Active Demand/Preset Cost-Based             Full Two-Sided             Supply with Random Shift                   Market
 First Group Second Group     First Group Second Group
RTP          --            --                          --             --
DRP - 2.42 ¢/kWh    - 3.27 ¢/kWh        + 2.1 ¢/kWh    + 0.8 ¢/kWh
FP         - 0.68 ¢/kWh    - 3.26 ¢/kWh        + 1.5 ¢/kWh     + 1.5 ¢/kWh