Title :
Nodal pricing of power balance control services in electrical power systems
Author :
Jokic, A. ; van den Bosch, P.P.J.
Author_Institution :
Fac. of Mech. Eng. & Naval Archit., Univ. of Zagreb, Zagreb, Croatia
Abstract :
In this paper we formulate the problem of economically optimal and reliable spatial distribution of power balance ancillary services in electrical power networks. Furthermore, we propose a novel price-based (market-based) approach for scheduling of the control services in which we explicitly take into account limited capacity of transmission network. A novel notion of nodal pricing for power balance control services is introduced while constructive solution for calculation of nodal prices is presented.
Keywords :
network theory (graphs); optimal control; power control; power generation scheduling; pricing; control service scheduling; economically-optimal reliable spatial distribution; electrical power networks; electrical power systems; explicit analysis; market-based approach; nodal pricing; power balance ancillary services; power balance control services; price-based approach; transmission network; Distribution functions; Graphical models; Power systems; Pricing; Real-time systems; Steady-state; Uncertainty;
Conference_Titel :
American Control Conference (ACC), 2015
Conference_Location :
Chicago, IL
Print_ISBN :
978-1-4799-8685-9
DOI :
10.1109/ACC.2015.7172226
