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 (https://doi.org/10.4236/wjet.2016.43D003)

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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:31 Aug 2022 13:07
    URI:https://strathprints.strath.ac.uk/id/eprint/58934
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