Picture of person typing on laptop with programming code visible on the laptop screen

World class computing and information science research at Strathclyde...

The Strathprints institutional repository is a digital archive of University of Strathclyde's Open Access research outputs. Strathprints provides access to thousands of Open Access research papers by University of Strathclyde researchers, including by researchers from the Department of Computer & Information Sciences involved in mathematically structured programming, similarity and metric search, computer security, software systems, combinatronics and digital health.

The Department also includes the iSchool Research Group, which performs leading research into socio-technical phenomena and topics such as information retrieval and information seeking behaviour.

Explore

Review of methods to calculate congestion cost allocation in deregulated electricity market

Zhao, Jiawei and Lu, Jianfeng and Lo, Kwok Lun (2016) Review of methods to calculate congestion cost allocation in deregulated electricity market. World Journal of Engineering and Technology, 4 (3D). pp. 16-26. ISSN 2331-4249

[img]
Preview
Text (Zhao-etal-WJET2016-Congestion-cost-allocation-in-deregulated-electricity-market)
Zhao_etal_WJET2016_Congestion_cost_allocation_in_deregulated_electricity_market.pdf - Final Published Version
License: Creative Commons Attribution 4.0 logo

Download (604kB) | Preview

Abstract

With maturing deregulated environment for electricity market, cost of transmission congestion becomes a major issue for power system operation. Uniform Marginal Price and Locational Mar-ginal Price (LMP) are the two practical pricing schemes on energy pricing and congestion cost allo-cation, which are based on different mechanisms. In this paper, these two pricing schemes are in-troduced in detail respectively. Also, the modified IEEE-14-bus system is used as a test system to calculate the allocated congestion cost by using these two pricing schemes.