Title :
Determination of mean and variance of LMP using probabilistic DCOPF and T-PEM
Author :
Davari, M. ; Toorani, F. ; Nafisi, H. ; Abedi, M. ; Gharehpetian, G.B.
Author_Institution :
Dept. of Electr. Eng., Amirkabir Univ. of Technol., Tehran
Abstract :
The Locational Marginal Pricing (LMP), calculated based on deterministic load flow and Optimal Power Flow (OPF), is used in power markets studies. In this paper, an algorithm has been proposed to calculate the mean and variance of LMP. The proposed method is based on Two Point Estimate Method (T-PEM). The probabilistic LMP can be used to have a good estimation for LMP.
Keywords :
load management; power markets; power system economics; pricing; LMP; T-PEM; deterministic load flow; locational marginal pricing; mean and variance; optimal power flow; power markets; probabilistic DCOPF; two point estimate method; Costs; Demand forecasting; Economic forecasting; Equations; Load flow; Power markets; Power system modeling; Power system planning; Pricing; Uncertainty; LMP; Mean Value; Power Market; Probabilistic DCOPF; Probability Theory; T-PEM; Variance Value;
Conference_Titel :
Power and Energy Conference, 2008. PECon 2008. IEEE 2nd International
Conference_Location :
Johor Bahru
Print_ISBN :
978-1-4244-2404-7
Electronic_ISBN :
978-1-4244-2405-4
DOI :
10.1109/PECON.2008.4762673
