Abstract
| Original language | English |
|---|---|
| Title of host publication | Proceedings of the 44th International Universities Power Engineering Conference (UPEC), 2009 |
| Place of Publication | New York |
| Publisher | IEEE |
| Pages | 473-477 |
| Number of pages | 5 |
| ISBN (Print) | 9781424468232 |
| Publication status | Published - 2009 |
| Event | The 44th International Universities' Power Engineering Conference - Glasgow, United Kingdom Duration: 1 Sep 2009 → 4 Sep 2009 |
Conference
| Conference | The 44th International Universities' Power Engineering Conference |
|---|---|
| Country | United Kingdom |
| City | Glasgow |
| Period | 1/09/09 → 4/09/09 |
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Keywords
- deregulation
- power flow tracing
- nodal price
- transmission pricing
- electrical market
Cite this
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A new method for charging transmission services. / Zhao, Chunyang; Galloway, Stuart; Lo, K.L.
Proceedings of the 44th International Universities Power Engineering Conference (UPEC), 2009. New York : IEEE, 2009. p. 473-477.Research output: Chapter in Book/Report/Conference proceeding › Conference contribution book
TY - GEN
T1 - A new method for charging transmission services
AU - Zhao, Chunyang
AU - Galloway, Stuart
AU - Lo, K.L.
PY - 2009
Y1 - 2009
N2 - In the deregulated power system, transmission services are treated as a commodity sold to market participants. So a charging method must be developed to support this concept. At present charging for transmission services is based on use of capacity or nodal pricing. There is a view that nodal pricing is better because it is more reflective of power market operation. However neither of these methods is entirely superior over the other one. In this paper a new charging method is introduced to resolve the transmission payment problem. The new method is a combination of the usage and nodal pricing methods. The proposed method makes use of advantages in both methods to achieve transmission charged equally. The combined method is tested on IEEE 118 network and turns out that the result is a fair charging method for market participants. In addition its application is not influenced by political borders, which means it can be used in a single system or in an area included many zones.
AB - In the deregulated power system, transmission services are treated as a commodity sold to market participants. So a charging method must be developed to support this concept. At present charging for transmission services is based on use of capacity or nodal pricing. There is a view that nodal pricing is better because it is more reflective of power market operation. However neither of these methods is entirely superior over the other one. In this paper a new charging method is introduced to resolve the transmission payment problem. The new method is a combination of the usage and nodal pricing methods. The proposed method makes use of advantages in both methods to achieve transmission charged equally. The combined method is tested on IEEE 118 network and turns out that the result is a fair charging method for market participants. In addition its application is not influenced by political borders, which means it can be used in a single system or in an area included many zones.
KW - deregulation
KW - power flow tracing
KW - nodal price
KW - transmission pricing
KW - electrical market
M3 - Conference contribution book
SN - 9781424468232
SP - 473
EP - 477
BT - Proceedings of the 44th International Universities Power Engineering Conference (UPEC), 2009
PB - IEEE
CY - New York
ER -