Forecasting of Utility Cost in a Deregulated Electricity Market by Using Locational Marginal Pricing

T. Mohanapriya, T.R. Manikandan, T. Venkatesan

Abstract


In the deregulated electricity market bidding contest is the major operation. Prices obtained from the result of bidding strategy is essential, since all market participants do not be familiar with the accurate assessment of future prices in their decision-making process. Locational Marginal Pricing obtains from the Optimal Power Flow problem gives the economic value of electrical energy at each location. Proposed method is based on lossless DC Optimal Power Flow. To solve this LMP problem optimization based Linear Programming (LP) approach has been implemented. In this paper LMP values with transmission, line outage and generator outage constraints are studied.

 

DOI: http://dx.doi.org/10.11591/telkomnika.v14i1.7713


Keywords


Locational Marginal Pricing, Congestion Management, Generator Outage, Line Outage, Linear Programming, ISO

Full Text:

PDF

Refbacks

  • There are currently no refbacks.


Creative Commons License
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Indonesian Journal of Electrical Engineering and Computer Science (IJEECS)
p-ISSN: 2502-4752, e-ISSN: 2502-4760
This journal is published by the Institute of Advanced Engineering and Science (IAES) in collaboration with Intelektual Pustaka Media Utama (IPMU).

shopify stats IJEECS visitor statistics