Title :
Experiences with LMP implementation
Author_Institution :
AREVA T&D, Bellevue, WA
Abstract :
With accumulation of experiences in the operation of competitive electricity markets, it is now generally acknowledged that locational marginal pricing (LMP) is a fundamental element of robust market design that unifies the potentially conflicting drivers for physical system security and competitive market economics. This paper focuses on the fundamentals of LMP, and clarifies a few issues about the implementation of LMP markets and the associated application software
Keywords :
power markets; power system economics; pricing; competitive market economics; electricity markets; locational marginal pricing; physical system security; robust market design; Application software; Costs; Dispatching; Electricity supply industry; Power generation economics; Power system economics; Power system security; Pricing; Robustness; Sun;
Conference_Titel :
Power Engineering Society General Meeting, 2006. IEEE
Conference_Location :
Montreal, Que.
Print_ISBN :
1-4244-0493-2
DOI :
10.1109/PES.2006.1709287
