Title :
Locational marginal price of East China Electric Power Market
Author :
Ge, Zhaoqiang ; Ge, Minhui ; Yang, Libing ; Wang, Dexing
Author_Institution :
East China Grid, Shanghai
Abstract :
Being the first day ahead market in China, the East China electric power market (ECEPM) also adopts the locational marginal price (LMP) for the first time in the Chinese Power Market. The theory and the key features of LMPs used in ECEPM are introduced in this paper. Usually the LMPs are calculated by assembling their three components: the reference price, the congestion price, and the loss price. Two sample cases of ECEPM are presented to describe the function of each component.
Keywords :
power markets; pricing; Chinese power market; East China electric power market; congestion price; day ahead market; locational marginal price; loss price; Assembly; Costs; Councils; Guidelines; Load flow; Power generation; Power markets; Power systems; Production; Propagation losses; Congestion price; Decomposition of nodal price; Locational Marginal Price; Loss Price; Nodal Price;
Conference_Titel :
Electric Utility Deregulation and Restructuring and Power Technologies, 2008. DRPT 2008. Third International Conference on
Conference_Location :
Nanjuing
Print_ISBN :
978-7-900714-13-8
Electronic_ISBN :
978-7-900714-13-8
DOI :
10.1109/DRPT.2008.4523405
