DocumentCode
3048659
Title
Locational marginal pricing
Author
Frame, Jim
Volume
1
fYear
2001
fDate
28 Jan-1 Feb 2001
Abstract
There are several independent system operators that are using centralized dispatch techniques for alleviating transmission system congestion. In such systems an optimization is performed to alleviate congestion. The objective of the optimization is to minimize the bid based price of meeting power demand while enforcing the transmission system constraints. For these systems the use of locational marginal prices (LMPs) provides a useful way of pricing the congestion rescheduling actions that are performed. This paper discusses some of the salient aspects of an LMP based congestion pricing scheme
Keywords
costing; load dispatching; power transmission economics; bid based price minimisation; centralized dispatch; congestion rescheduling actions pricing; independent system operators; locational marginal pricing; optimization; power demand; transmission system congestion alleviation; transmission system constraints; Character generation; Constraint optimization; Control systems; Energy management; Management information systems; Power demand; Power system reliability; Pricing; Propagation losses; Voltage control;
fLanguage
English
Publisher
ieee
Conference_Titel
Power Engineering Society Winter Meeting, 2001. IEEE
Conference_Location
Columbus, OH
Print_ISBN
0-7803-6672-7
Type
conf
DOI
10.1109/PESW.2001.917066
Filename
917066
Link To Document