Investigation on congestion-based optimal energy price for competitive electricity market

Nappu, M.B., Saha, T.K. and Fonseka. P.A.J. (2008). Investigation on congestion-based optimal energy price for competitive electricity market. In: K-J Tseng, Sustainable Energy Technologies, 2008. ICSET 2008. IEEE International Conference on. IEEE International Conference on Sustainable Energy Technologies, 2008. ICSET 2008., Singapore, Singapore, (860-865). 24-27 November, 2008. doi:10.1109/ICSET.2008.4747128


Author Nappu, M.B.
Saha, T.K.
Fonseka. P.A.J.
Title of paper Investigation on congestion-based optimal energy price for competitive electricity market
Conference name IEEE International Conference on Sustainable Energy Technologies, 2008. ICSET 2008.
Conference location Singapore, Singapore
Conference dates 24-27 November, 2008
Convener Panda, S.K.
Proceedings title Sustainable Energy Technologies, 2008. ICSET 2008. IEEE International Conference on
Journal name 2008 Ieee International Conference On Sustainable Energy Technologies (icset), Vols 1 and 2
Place of Publication Piscataway, N.J., USA
Publisher IEEE
Publication Year 2008
Sub-type Fully published paper
DOI 10.1109/ICSET.2008.4747128
ISBN 9781424418879
Editor K-J Tseng
Start page 860
End page 865
Total pages 6
Collection year 2009
Language eng
Abstract/Summary Market operators are required to effectively manage transmission line, particularly as congestion occurs where energy prices are different at all nodes in the network. Locational marginal prices (LMP) have been extensively recognized as an appropriate solution in managing transmission congestion. This paper investigates formulation of LMP schemes using different approaches; DC optimal power flow and shift factor-based optimal power flow. Two LMP schemes are developed to observe the effectiveness of the method on a 24 bus IEEE RTS. Finding of this work is to support developing standard market design which promotes economic efficiency, maintains power system reliability, and mitigates exercising market power.
Subjects E1
850603 Energy Systems Analysis
0906 Electrical and Electronic Engineering
Keyword Load Flow
power markets
power transmission economics
power transmission reliability
pricing
Q-Index Code E1
Q-Index Status Confirmed Code
Institutional Status UQ

 
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Created: Thu, 16 Apr 2009, 15:21:17 EST by Ms Kimberley Nunes on behalf of School of Information Technol and Elec Engineering