Abstract
With maturing deregulated environment for electricity market, cost of transmission congestion becomes a major issue for power system operation. Uniform Marginal Price and Locational Mar-ginal Price (LMP) are the two practical pricing schemes on energy pricing and congestion cost allo-cation, which are based on different mechanisms. In this paper, these two pricing schemes are in-troduced in detail respectively. Also, the modified IEEE-14-bus system is used as a test system to calculate the allocated congestion cost by using these two pricing schemes.
| Original language | English |
|---|---|
| Article number | 3D |
| Pages (from-to) | 16-26 |
| Number of pages | 11 |
| Journal | World Journal of Engineering and Technology |
| Volume | 4 |
| Issue number | 3D |
| DOIs | |
| Publication status | Published - 20 Oct 2016 |
| Event | 6th World Congress on Engineering and Technology: 6th Power Engineering and Automation Conference - Shanghai, China Duration: 21 Oct 2016 → 23 Oct 2016 |
Keywords
- deregulated electricity market
- transmission congestion management
- congestion cost allocation
- uniform marginal price
- locational marginal price
- power system operation
- energy pricing
- modified IEEE-14-bus system