Components of nodal prices for electric power systems

Author

Chen, Luonan ; Suzuki, Hideki ; Wachi, Tsunehisa ; Shimura, Yukihiro

Author_Institution

Dept. of Electr. Eng. & Electron., Osaka Sangyo Univ., Japan

Volume

17

Issue

1

fYear

2002

fDate

2/1/2002 12:00:00 AM

Firstpage

41

Lastpage

49

Abstract

The authors present a method to provide a detailed description of each nodal price, by breaking down each nodal price into a variety of parts corresponding to the concerned factors, such as generations, transmission congestion, voltage limitations and other constraints or elements. This full information for nodal prices can be used not only to improve the efficient usage of power grid and congestion management, but also to design a reasonable pricing structure of power systems, or to provide economic signals for generation or transmission investment. Several numerical examples demonstrate this approach

Keywords

costing; investment; power system economics; power system planning; tariffs; congestion management; constraints; economic investment signals; electric power systems; generations; nodal prices components; power grid; pricing structure; transmission congestion; utility industry deregulation; voltage limitations; Energy management; Mesh generation; Power generation; Power generation economics; Power grids; Power system economics; Power system management; Pricing; Signal design; Voltage;

fLanguage

English

Journal_Title

Power Systems, IEEE Transactions on

Publisher

ieee

ISSN

0885-8950

Type

jour

DOI

10.1109/59.982191

Filename

982191