DocumentCode :
2677094
Title :
A novel approach to evaluate congestion for composite power system planning in a competitive electricity market
Author :
Lu, M. ; Lu, Z. ; Dong, Z.Y. ; Saha, T.K.
Author_Institution :
Queensland Univ., Brisbane, Qld.
fYear :
0
fDate :
0-0 0
Abstract :
Transmission lines play an important role in providing all participants the access to supply and demand in a competitive electricity market. Market size could be limited by the physical ability of transmission network to deliver electricity. Transmission line congestion as a primary indicator for transmission expansion planning has been investigated in this paper. The calculation on congestion cost under single side bid Poolco market is proposed and is defined as the social surplus difference between before the transmission line violation and after congestion. The generator´s bidding price change is considered as a result of market factors in a deregulated electricity market. Finally, a numerical example is applied on IEEE Reliability Test Systems (RTS) for illustrating the essential features of the proposed congestion cost evaluation approach. The results are conducted using the well-known Monte-Carlo Simulation method
Keywords :
Monte Carlo methods; costing; power markets; power transmission economics; power transmission lines; power transmission planning; IEEE Reliability Test Systems; Monte-Carlo Simulation method; bidding price; competitive electricity market; composite power system planning; congestion cost; cost evaluation; deregulated electricity market; electricity delivery; single side bid Poolco market; transmission expansion planning; transmission line violation; transmission lines; transmission network; Australia; Costs; Electricity supply industry; Energy management; Power generation; Power system management; Power system planning; Power system reliability; Power transmission lines; Pricing; LMP; Monte Carlo Simulation; Poolco; Transmission Expansion Planning (TEP); congestion; congestion cost;
fLanguage :
English
Publisher :
ieee
Conference_Titel :
Power Engineering Society General Meeting, 2006. IEEE
Conference_Location :
Montreal, Que.
Print_ISBN :
1-4244-0493-2
Type :
conf
DOI :
10.1109/PES.2006.1709176
Filename :
1709176
Link To Document :
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