Title :
Basic properties of nodal pricing mechanism in the weakly tied network
Author :
Toyoda, J. ; Saitoh, H. ; Sato, H.
Author_Institution :
Hachinohe Inst. of Technol., Japan
Abstract :
This paper describes the basic properties of nodal pricing mechanism that is strongly affected by the network configuration. The islanding phenomena of nodal price and other interesting features appear in the nodal pricing properties at heavy demand condition. The numerical examples are included in order to demonstrate the theoretical property of nodal price in the weakly tied network. Demand curve characteristics can be included in the calculation of nodal price.
Keywords :
power transmission economics; demand curve characteristics; heavy demand condition; islanding phenomena; network configuration; network congestion; nodal price; nodal pricing mechanism; power transaction; shadow price; transmission rights model; weakly tied network; Costs; Dispatching; Energy management; Intelligent networks; Mechanical factors; Power generation; Power system modeling; Power system reliability; Pricing; Production;
Conference_Titel :
Power System Technology, 2002. Proceedings. PowerCon 2002. International Conference on
Print_ISBN :
0-7803-7459-2
DOI :
10.1109/ICPST.2002.1047535
