Title :
On transmission congestion and pricing
Author :
Gedra, Thomas W.
Author_Institution :
Sch. of Electr. & Comput. Eng., Oklahoma State Univ., Stillwater, OK, USA
fDate :
2/1/1999 12:00:00 AM
Abstract :
We provide a tutorial review, by example, of how to calculate optimal bus prices and congestion costs for a simple power system, using the “DC” loadflow approximation. It is also shown how to calculate the marginal effect of changing the impedance of a transmission on total system costs, and how this can be used for transmission planning purposes. The role of long-term contracts for hedging and investment is discussed, and examples of hedging are given for various types of system participants
Keywords :
costing; load flow; power transmission economics; power transmission planning; 3-bus power system; DC loadflow approximation; congestion costs; contract networks; hedging; independent system operator; investment; long-term contracts; optimal bus prices; power system planning; pricing; simple power system; transmission congestion; transmission impedance change; transmission planning; transmission pricing; Contracts; Cost function; ISO; Impedance; Investments; Law; Power engineering and energy; Power engineering computing; Power system planning; Pricing;
Journal_Title :
Power Systems, IEEE Transactions on
