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

Item type: Article ID code: 58934 Dates: DateEvent20 October 2016Published13 October 2016AcceptedKeywords: 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 > CommerceDepartment: Faculty of Engineering > Electronic and Electrical Engineering Depositing user: Pure Administrator Date deposited: 02 Dec 2016 09:38 Last modified: 12 Apr 2021 00:31 URI: https://strathprints.strath.ac.uk/id/eprint/58934