DocumentCode
1578751
Title
Market simulation for LMP forecasting
Author
Frowd, Rod ; Papalexopoulos, Alex
Author_Institution
ECCO Int., Brisbane, QLD, Australia
fYear
2009
Firstpage
1
Lastpage
6
Abstract
This paper presents the methodology for performing market simulations for locational marginal price (LMP) forecasting in nodal energy markets. The modeling formulation of the market simulation is provided in t he paper along with insights about factors that mainly influence the LMP prices in nodal energy markets. Representative numerical results from the application of the proposed methodologies on the actual California system and the Greek National market are also presented.
Keywords
economic forecasting; power markets; pricing; California system; Greek National market; locational marginal price forecasting; market simulation; nodal energy markets; Analytical models; Economic forecasting; Equations; Fuels; Investments; Load flow; Load forecasting; Predictive models; Pricing; Propagation losses; FTR/CRR allocation and auction; Financial Transmission Rights; Locational Marginal Pricing; Point-to-Point FTRs/CRRs; Wholesale competitive market; hedging;
fLanguage
English
Publisher
ieee
Conference_Titel
Power & Energy Society General Meeting, 2009. PES '09. IEEE
Conference_Location
Calgary, AB
ISSN
1944-9925
Print_ISBN
978-1-4244-4241-6
Type
conf
DOI
10.1109/PES.2009.5275346
Filename
5275346
Link To Document