Locational marginal price variability at distribution level : a regional study
Edmunds, Calum and Bukhsh, Waqquas A. and Gill, Simon and Galloway, Stuart (2018) Locational marginal price variability at distribution level : a regional study. In: 8th IEEE PES Innovative Smart Grid Technologies Conference, 2018-10-21 - 2018-10-25.
Preview |
Text.
Filename: Edmunds_etal_ISGT_2018_Locational_marginal_price_variability_at_distribution_level.pdf
Accepted Author Manuscript Download (877kB)| Preview |
Abstract
As distribution systems move towards being more actively managed there is increased potential for regional markets and the application of locational marginal prices (LMPs) to capture spatial variation in the marginal cost of electricity at distribution level. However, with this increased network visibility can come increased price volatility and uncertainty to investors. This paper studies the variation in LMPs in a section of the south west of England distribution network for current and future installed capacity of distributed generation. It has been shown that in an unconstrained network, spatial LMP variation (due to losses) is minimal compared to the temporal variation. In a constrained network, a significant increase in LMP volatility was observed, both spatially and temporally. This could bring risk for generators particularly if they become stranded in low price areas, or flexible demands facing a drop-off in return when constraints are removed.
ORCID iDs
Edmunds, Calum, Bukhsh, Waqquas A. ORCID: https://orcid.org/0000-0002-5765-0747, Gill, Simon ORCID: https://orcid.org/0000-0002-4583-6042 and Galloway, Stuart ORCID: https://orcid.org/0000-0003-1978-993X;-
-
Item type: Conference or Workshop Item(Paper) ID code: 64733 Dates: DateEvent21 October 2018Published29 June 2018Accepted1 June 2018SubmittedSubjects: Technology > Electrical engineering. Electronics Nuclear engineering Department: Faculty of Engineering > Electronic and Electrical Engineering
Strategic Research Themes > Measurement Science and Enabling Technologies
Strategic Research Themes > EnergyDepositing user: Pure Administrator Date deposited: 09 Jul 2018 13:31 Last modified: 30 Sep 2024 00:37 URI: https://strathprints.strath.ac.uk/id/eprint/64733