Assessment of Locational Marginal Price Schemes for Transmission Congestion Management
Speaker: Muhammad Bachtiar Nappu, ITEE
When: 2007-09-12 15:00:00
Venue: 78-420
Host: Prof. Tapan Kumar Saha
Abstract:Under open access environment in a deregulated electricity market,
transmission management holds a vital role in supporting
transactions between suppliers and customers. Nevertheless,
transmission network has some constraints that should be addressed
in order to ensure sufficient control to maintain the security level
of power system while maximizing market efficiency. The most
obvious drawback of transmission constraints is congestion problem
that becomes an obstacle of perfect competition among the market
participants since it can influence spot market price, particularly
increase Locational Marginal Price (LMP), reduce the level of
competitiveness and eventually may possibly create market power in
congested area.
This project investigates alternative solution in dispatch
mechanism, and then formulates a comprehensive Locational Marginal
Price scheme using optimization technique that may well control
congestion as the main issue. The model will vary and be improved
to be decomposed into energy price, congestion revenue, losses cost,
as well as transmission usage tariff. The objective of the project
is to support developing Standard Market Design (SMD) in managing
transmission which promotes economic efficiency, lowers delivered
energy costs, maintains power system reliability, and mitigates
exercising market power.
Biography:(biography unavailable)
Type: MPhil confirmation
Contact:Prof. Tapan Kumar Saha, seminar host (saha@itee.uq.edu.au)
or Guido Governatori (ITEE seminar co-ordinator)
(guido@itee.uq.edu.au)