Title :
A novel comprehensive pricing model for transmission networks
Author :
Sun, Hongbo ; Yu, David C. ; Zheng, Qionglin
Author_Institution :
Dept. of Electr. Eng. & Comput. Sci., Wisconsin Univ., Milwaukee, WI, USA
Abstract :
A novel comprehensive price method for a transmission system is presented. The proposed price is composed of two components. One is power price component; the other is energy price component. Both of them are solved with a unified operation simulation model. This method not only can offer the correct economical incentives for transmission system operation and expansion, but also has advantages in computational efficiency. A simple example is given to demonstrate the validity of proposed method
Keywords :
costing; power transmission economics; tariffs; Monte Carlo simulation; comprehensive pricing model; computational efficiency; energy price component; power price component; short-term marginal cost; tariffs; transmission networks; transmission system expansion; transmission system operation; unified operation simulation model; Computational efficiency; Computational modeling; Computer science; Costs; Investments; Power generation economics; Power system economics; Power system modeling; Pricing; Sun;
Conference_Titel :
Power Engineering Society Winter Meeting, 2000. IEEE
Print_ISBN :
0-7803-5935-6
DOI :
10.1109/PESW.2000.850115
