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Articles
  • OpenAccess
  • Review of Methods to Calculate Congestion Cost Allocation in Deregulated Electricity Market  [CET 2016]
  • DOI: 10.4236/wjet.2016.43D003   PP.16 - 26
  • Author(s)
  • Jiawei Zhao, Jianfeng Lu, Kwok Lun Lo
  • ABSTRACT
  • With maturing deregulated environment for electricity market, cost of transmission congestion becomes a major issue for power system operation. Uniform Marginal Price and Locational Marginal Price (LMP) are the two practical pricing schemes on energy pricing and congestion cost allocation, which are based on different mechanisms. In this paper, these two pricing schemes are introduced in detail respectively. Also, the modified IEEE-14-bus system is used as a test system to calculate the allocated congestion cost by using these two pricing schemes.
  • KEYWORDS
  • Deregulated Electricity Market, Transmission Congestion Management, Congestion Cost Allocation, Uniform Marginal Price and Locational Marginal Price
  • References
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