Title :
Spot Power Market Simulation Based on Equilibrium Principle
Author :
Liu, Li ; Wang, Chengmin
Author_Institution :
Dept. of Electr. Eng., Shenyang Inst. of Eng.
Abstract :
Equilibrium is the optimum operational condition for the power market by economics rule. Whereas the spot power market cannot generally achieve the equilibrium due to existing network losses and congestion. The impact of the network losses and congestion on spot power market is analyzed in order to newly establish the equilibrium model under considering the network topology. At the end, the OPF is solved by means of the equal price principle. The case study is made on IEEE-30 nodes system in order to prove the results proposed in this paper
Keywords :
losses; power generation dispatch; power generation economics; power generation scheduling; power markets; pricing; IEEE-30 nodes system; OPF; economics rule; equal price principle; equilibrium principle; network congestion; network losses; network topology; optimum operational condition; spot power market simulation; unit commitment; Arithmetic; Microeconomics; Power engineering and energy; Power generation economics; Power markets; Power system economics; Power system modeling; Power system reliability; Power system security; Power system simulation; Congestion; Equilibrium; Network Losses; Spot Power Market;
Conference_Titel :
Transmission and Distribution Conference and Exhibition: Asia and Pacific, 2005 IEEE/PES
Conference_Location :
Dalian
Print_ISBN :
0-7803-9114-4
DOI :
10.1109/TDC.2005.1546965
