LMP dependence function of variable parameters of electric power network

Author

Vaskovskaya, Tatiana A.

Author_Institution

Market Monitoring Dept., NP "Market Council", Moscow, Russia

fYear

2014

fDate

28-30 May 2014

Firstpage

1

Lastpage

5

Abstract

Various FACTS devices in equivalent circuits of electric power network elements may be represented by series or parallel controlled reactances. The solution for competitive electricity market optimization depends on parameters of electric power network, and control of such parameters provides an opportunity to control prices for electricity. This research offers a function of locational marginal prices (LMP) dependence on power network parameters, which represents a set of fractional-polynomial functions. It may be used for different purposes: search for optimal arrangement of FACTS devices, maximization of market welfare function and easy calculation of FACTS devices installation efficiency. The offered approach is tested on TCSC (Thyristor Controlled Series Capacitor) devices.

Keywords

capacitors; flexible AC transmission systems; optimisation; polynomials; power markets; thyristors; FACTS devices; FACTS devices installation efficiency; LMP dependence function; TCSC devices; electric power network; electricity market optimization; equivalent circuits; fractional-polynomial functions; locational marginal prices; market welfare function maximization; power network parameters; thyristor controlled series capacitor; variable parameters; Electricity; Generators; Load flow; Optimization; Power capacitors; Thyristors; AC optimal power flow; FACTS devices; approximation; locational marginal price;

fLanguage

English

Publisher

ieee

Conference_Titel

European Energy Market (EEM), 2014 11th International Conference on the

Conference_Location

Krakow

Type

conf

DOI

10.1109/EEM.2014.6861231

Filename

6861231