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Marginal pricing via penalty factors in the Venezuelan hydrothermal system
Universidad Simón Bolívar, Caracas.
Universidad Simón Bolívar, Caracas.
2006 (English)In: 2006 IEEE PES Transmission and Distribution Conference and Exposition: Latin America, TDC'06, Piscataway, NJ: IEEE Communications Society, 2006, 4104756Conference paper (Refereed)
Abstract [en]

The work shown next deals with the definition of nodal marginal prices, in the context of an economic dispatch solution with transmission losses. The losses are incorporated through penalty factors obtained from line distribution factors, using a linearization process. This study is applied to the hydrothermal venezuelan system, considering plants with regulation capability and run-of-river dams. The objective function to be minimized includes present and future thermal costs. In addition, a discussion is given about the correct location of the slack node, in order to get similar results to these associated to an OPF solution. © 2006 IEEE.

Place, publisher, year, edition, pages
Piscataway, NJ: IEEE Communications Society, 2006. 4104756
Keyword [en]
distribution factors, hydrothermal systems, marginal prices, penalty factors, regulation, run-of-river plants
Research subject
Electric Power Engineering
Identifiers
URN: urn:nbn:se:ltu:diva-40018DOI: 10.1109/TDCLA.2006.311525ScopusID: 82955210340Local ID: efbfed0c-20c0-4cc3-859e-3f6bf0c8603dISBN: 1-4244-0287-5ISBN: 1-4244-0288-3 (PDF)OAI: oai:DiVA.org:ltu-40018DiVA: diva2:1013540
Conference
IEEE PES Transmission and Distribution Conference : 15/08/2006 - 18/08/2006
Note
Upprättat; 2006; 20150701 (manalv)Available from: 2016-10-03 Created: 2016-10-03

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