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This paper proposes a comprehensive criterion for transmission network evaluation in power market. This criterion considers market objectives to maximize the Social Welfare. Also Reference Transmission Network (RTN) is observed for evaluation of Transmission Company (TransCo) optimality in power market. TransCo inherently is a company which is engaged with long-term planning, hence evaluation of this...
This paper proposes an optimal transmission expansion planning (TEP) which is based on determining share of each line in merchandizing surplus (MS) of system, determining by Independent System Operator (ISO). The more share of a line in MS of system denotes the priority of a line for expansion. The procedure of determining MS of each line in a power system is based on determining the MS share of each...
The pricing framework in any economic environment indeed has a special situation, since it directs the incentives of all different participants. Locational Marginal Pricing as one of the power market clearing mechanisms has several drawbacks, which causes it to be sometimes irrational and discriminatory. This paper presents a new nodal pricing mechanism to resolve the previous drawbacks and to establish...
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