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Generally, the locational marginal price (LMP) is obtained by solving a linear programming formulation. Network losses are considered through the preset loss factors based on historical operation information. This usually brings errors in the calculated loss under different new scenarios. Further, the congestion component of an LMP is dependent on the choice of the reference bus. In this paper, a...
In the electricity market, modeling marginal price facilitates to solve many problems in it. To model the probability density function (PDF) of system marginal price (SMP) in the spot market, positivism analysis on SMP PDF is presented in this paper. In contract to the weakness of some traditional probabilistic distribution model, an alpha-stable distribution model that proposed in this paper, has...
Losses are more than the sum of their parts. How to price the more parts is the emphasis of this paper. This paper analyzes two kinds of loss pricing methods, one is competitive loss pricing, the other is nodal loss pricing. Aim at the above, we prepare to discuss some questions as below: the comparison of the competitive price and the average cost; the method of the competitive loss pricing; the...
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