{"title":"Investigation of nodal prices in a deregulated competitive market-case studies","authors":"Yingyi Hong, M. Weng","doi":"10.1109/PTC.1999.826592","DOIUrl":null,"url":null,"abstract":"Deregulation is causing a great impact on the electric power industry around the world. Many transactions in electric power markets are based on bidding competition after deregulation. The nodal price plays an important role in such a kind of market to reflect the bidding strategy for a market participant. This paper investigates the impact of ancillary service, security constraint, and MW loss on nodal prices in the system. The causes for the variation of nodal prices are explained. The problem is formulated with DC models and solved by simplex linear programming. The simulation results help understand the meaning of the nodal prices and help develop bidding strategies for the market participants.","PeriodicalId":101688,"journal":{"name":"PowerTech Budapest 99. Abstract Records. (Cat. No.99EX376)","volume":"13 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"1999-08-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"5","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"PowerTech Budapest 99. Abstract Records. (Cat. No.99EX376)","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1109/PTC.1999.826592","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 5
Abstract
Deregulation is causing a great impact on the electric power industry around the world. Many transactions in electric power markets are based on bidding competition after deregulation. The nodal price plays an important role in such a kind of market to reflect the bidding strategy for a market participant. This paper investigates the impact of ancillary service, security constraint, and MW loss on nodal prices in the system. The causes for the variation of nodal prices are explained. The problem is formulated with DC models and solved by simplex linear programming. The simulation results help understand the meaning of the nodal prices and help develop bidding strategies for the market participants.
京公网安备 11010802042870号
京ICP备2023020795号-1
分享
求助内容：
应助结果提醒方式：
扫码关注我们
