Title :
Analysis of the influence of transmission congestion on power market based on LMP-lossless model
Author :
Nappu, Muhammad Bachtiar ; Saha, Tapan Kumar ; Arief, Ardiaty
Author_Institution :
Sch. of Info Tech & Elect Eng (ITEE), Univ. of Queensland, Brisbane, QLD, Australia
Abstract :
Bottlenecks on transmission line becomes an obstacle for the perfect competition of power market. One obvious drawback of such constraint is congestion. When congestion occurs, power market may be inefficient due to re-dispatch of generators connected to the grid. Energy prices vary throughout the network as generating costs raise in congested area, called locational marginal prices (LMP). In this paper, social cost as the side effect of transmission congestion on power market is analysed based on LMP-lossless model approach. To validate data and result, the 24-Bus IEEE Reliability Test System is used for investigation.
Keywords :
load dispatching; power grids; power markets; power transmission; power transmission economics; 24-Bus IEEE reliability test system; LMP-lossless model; deregulated electricity market; economic dispatch; locational marginal prices; optimal power flow; power grid; power market; transmission congestion; Costs; Fuel economy; Power generation; Power generation economics; Power markets; Power system economics; Power system interconnection; Power system modeling; Power system reliability; Power transmission lines; Transmission congestion; deregulated electricity market; economic dispatch; locational marginal prices; market efficiency; optimal power flow; power market;
Conference_Titel :
Power Engineering Conference, 2009. AUPEC 2009. Australasian Universities
Conference_Location :
Adelaide, SA
Print_ISBN :
978-1-4244-5153-1
Electronic_ISBN :
978-0-86396-718-4
