DocumentCode
2503882
Title
Determination of mean and variance of LMP using probabilistic DCOPF and T-PEM
Author
Davari, M. ; Toorani, F. ; Nafisi, H. ; Abedi, M. ; Gharehpetian, G.B.
Author_Institution
Dept. of Electr. Eng., Amirkabir Univ. of Technol., Tehran
fYear
2008
fDate
1-3 Dec. 2008
Firstpage
1280
Lastpage
1283
Abstract
The Locational Marginal Pricing (LMP), calculated based on deterministic load flow and Optimal Power Flow (OPF), is used in power markets studies. In this paper, an algorithm has been proposed to calculate the mean and variance of LMP. The proposed method is based on Two Point Estimate Method (T-PEM). The probabilistic LMP can be used to have a good estimation for LMP.
Keywords
load management; power markets; power system economics; pricing; LMP; T-PEM; deterministic load flow; locational marginal pricing; mean and variance; optimal power flow; power markets; probabilistic DCOPF; two point estimate method; Costs; Demand forecasting; Economic forecasting; Equations; Load flow; Power markets; Power system modeling; Power system planning; Pricing; Uncertainty; LMP; Mean Value; Power Market; Probabilistic DCOPF; Probability Theory; T-PEM; Variance Value;
fLanguage
English
Publisher
ieee
Conference_Titel
Power and Energy Conference, 2008. PECon 2008. IEEE 2nd International
Conference_Location
Johor Bahru
Print_ISBN
978-1-4244-2404-7
Electronic_ISBN
978-1-4244-2405-4
Type
conf
DOI
10.1109/PECON.2008.4762673
Filename
4762673
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