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. 3D. ISSN 2331-4249

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    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.

    ORCID iDs

    Zhao, Jiawei ORCID logoORCID: https://orcid.org/0000-0001-5960-9847, Lu, Jianfeng ORCID logoORCID: https://orcid.org/0000-0002-7855-1668 and Lo, Kwok Lun;
    • Item type:Article
      ID code:58934
      Dates:
      Date
      Event
      20 October 2016
      Published
      13 October 2016
      Accepted
      Keywords:deregulated electricity market, transmission congestion management, congestion cost allocation, uniform marginal price, locational marginal price, power system operation, energy pricing, modified IEEE-14-bus system, Electrical engineering. Electronics Nuclear engineering, Commerce, Energy(all), Economics, Econometrics and Finance(all)
      Subjects:Technology > Electrical engineering. Electronics Nuclear engineering
      Social Sciences > Commerce
      Department:Faculty of Engineering > Electronic and Electrical Engineering
      Depositing user: Pure Administrator
      Date deposited:02 Dec 2016 09:38
      Last modified:23 Sep 2021 05:56
      URI:https://strathprints.strath.ac.uk/id/eprint/58934
    CORE (COnnecting REpositories)