Slack-bus independent penalty factor for spot pricing under deregulation

Recently, deregulation has been a hot issue in electric power industries with the introduction of the bidding system to electric power markets. One of the main topics associated with the deregulation is spot pricing, where the exact analysis of transmission loss and the method of calculating reliabl...

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Hauptverfasser: Young-Hyun Moon, Byoung-Kon Choi, Heon-Su Ryu, Jae-Suk Jung, Ho-Min Park
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Byoung-Kon Choi
Heon-Su Ryu
Jae-Suk Jung
Ho-Min Park
description Recently, deregulation has been a hot issue in electric power industries with the introduction of the bidding system to electric power markets. One of the main topics associated with the deregulation is spot pricing, where the exact analysis of transmission loss and the method of calculating reliable penalty factor play an important role. Penalty factors calculated with conventional methods is highly dependent on the location of the slack bus, which brings about unfair competition to IPPs (independent power producers). This paper presents a new method of calculating the exact and reliable penalty factor independent of the change of the slack bus. The proposed method is tested on IEEE 14 bus system, New England 39 bus system and OH-145 bus system. The test results show that the proposed method can give more reliable information of the penalty factors to the spot pricing system.
doi_str_mv 10.1109/PESW.2000.850077
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ispartof 2000 IEEE Power Engineering Society Winter Meeting. Conference Proceedings (Cat. No.00CH37077), 2000, Vol.2, p.1017-1021 vol.2
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subjects Electricity supply industry
Electricity supply industry deregulation
Moon
Power generation
Power markets
Power system reliability
Power systems
Pricing
Propagation losses
System testing
title Slack-bus independent penalty factor for spot pricing under deregulation
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