Experiences supplying engines for LMP calculations

Summary form only given. The PJM electricity market includes a two-settlement system with commitment, dispatch, and location marginal prices (LMPs) computed in the day ahead time frame as the first settlement. The second settlement occurs ex-post based on the actual commitment, dispatch, and LMPs. T...

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Bibliographische Detailangaben
Hauptverfasser: Frame, J., Gilrain, M.
Format: Tagungsbericht
Sprache:eng
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Beschreibung
Zusammenfassung:Summary form only given. The PJM electricity market includes a two-settlement system with commitment, dispatch, and location marginal prices (LMPs) computed in the day ahead time frame as the first settlement. The second settlement occurs ex-post based on the actual commitment, dispatch, and LMPs. This presentation describes the engine that computes the LMPs. The main modules of the LMP calculator are: state estimator; locational price algorithm preprocessor; locational pricing algorithm; unit dispatch system
DOI:10.1109/PES.2004.4632142