Title :
Impact of transmission reliability on nodal price in electric power market
Author :
Wang, Peng ; Cai, Hua
Abstract :
This paper investigates systematically the impact of transmission failures occurring in a restructured power system on nodal price. The expected value and the standard deviation of nodal price are introduced to evaluate the effect of random failures. The price fluctuation and the corresponding probability for each system state are also presented. A test system is evaluated to illustrate the technique.
Keywords :
power markets; power transmission economics; power transmission reliability; probability; electric power market; nodal price; price fluctuation; probability; random failures effect; restructured power system; transmission failures; transmission reliability; Economic forecasting; Environmental economics; Equations; Power generation; Power generation economics; Power system economics; Power system reliability; Pricing; Propagation losses; Reactive power;
Conference_Titel :
Transmission and Distribution Conference and Exhibition 2002: Asia Pacific. IEEE/PES
Print_ISBN :
0-7803-7525-4
DOI :
10.1109/TDC.2002.1177760
