Agent based locational marginal pricing and its impact on market clearing price in a deregulated electricity market
Joint Authors
Kiran, P.
Chandrakala, K. R. M. Vijaya
Nambiar, T. N. P.
Source
Issue
Vol. 15, Issue 3 (30 Sep. 2019), pp.405-416, 12 p.
Publisher
Publication Date
2019-09-30
Country of Publication
Algeria
No. of Pages
12
Main Subjects
Social Sciences (Multidisciplinary)
Abstract EN
This paper focuses towards agent based Locational Marginal Pricing (LMP) which will minimize the overall system cost and relieves congestion on transmission lines in a deregulated electricity market.
For the analysis, agents are classified in terms of market traders, Independent System Operator (ISO) linking to the IEEE 5-Bus system which would suggest the LMP to take care of the congestion cost happening in the system.
The market operates on a day-ahead basis.
The ISO allocates the bids and the offers from the traders by performing DCOPF (DC-Optimal Power Flow), calculates the LMP based on congestion, dispatch the units based on optimal system cost.
The market model considered in this work is Pool-Co type.
The analysis is carried out on the platform of Agent Based Modeling of Electricity Systems (AMES) software.
The AMES is a tool developed under Java platform for modeling deregulated electricity market operating over an AC transmission grid which outperforms other tools.
Later the impact of market clearing price in a deregulated power market was also discussed.
A case study on IEEE 30 bus system based on congestion management is also further analyzed.
The results show great potential of agent based computational model in a restructured electric power industry.
American Psychological Association (APA)
Kiran, P.& Chandrakala, K. R. M. Vijaya& Nambiar, T. N. P.. 2019. Agent based locational marginal pricing and its impact on market clearing price in a deregulated electricity market. Journal of Electrical Systems،Vol. 15, no. 3, pp.405-416.
https://search.emarefa.net/detail/BIM-892745
Modern Language Association (MLA)
Kiran, P.…[et al.]. Agent based locational marginal pricing and its impact on market clearing price in a deregulated electricity market. Journal of Electrical Systems Vol. 15, no. 3 (2019), pp.405-416.
https://search.emarefa.net/detail/BIM-892745
American Medical Association (AMA)
Kiran, P.& Chandrakala, K. R. M. Vijaya& Nambiar, T. N. P.. Agent based locational marginal pricing and its impact on market clearing price in a deregulated electricity market. Journal of Electrical Systems. 2019. Vol. 15, no. 3, pp.405-416.
https://search.emarefa.net/detail/BIM-892745
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references : p. 416
Record ID
BIM-892745