A method on nodal price allocation in deregulated electricity market utilizing stability controller system

Toshiaki Asano, Hideki Hayashi, Ryuichi Yokoyama

    Research output: Chapter in Book/Report/Conference proceedingConference contribution

    Abstract

    This paper presents a simulation study on the nodal price allocation model, where the nodal price is obtained using the information from the stability controller system, and on its effect on the power system stability improvement. To evaluate the transient stability under the n-1 security criterion, the value of acceleration energy unbalance is used. First of all, the required adjustment of generator's active power is calculated to reduce the acceleration energy unbalance in the power system. Then the nodal prices for each node to give incentives for the required generation rescheduling are obtained from the incremental transmission access cost that is a function of the incremental active power output. In this paper, it is assumed that the generation rescheduling is performed in the spot market based on a Pool Model.

    Original languageEnglish
    Title of host publicationProceedings of the Universities Power Engineering Conference
    Pages1689-1692
    Number of pages4
    Volume36
    Publication statusPublished - 2001
    EventUPEC 2001, 36th Universities' Power Engineering Conference - Swansea
    Duration: 2001 Sep 122001 Sep 14

    Other

    OtherUPEC 2001, 36th Universities' Power Engineering Conference
    CitySwansea
    Period01/9/1201/9/14

    ASJC Scopus subject areas

    • Engineering(all)
    • Energy(all)

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  • Cite this

    Asano, T., Hayashi, H., & Yokoyama, R. (2001). A method on nodal price allocation in deregulated electricity market utilizing stability controller system. In Proceedings of the Universities Power Engineering Conference (Vol. 36, pp. 1689-1692)