Calculation and decomposition of spot price using interior point nonlinear optimisation methods

K. Xie, Y. H. Song, Deping Zhang, Yosuke Nakanishi, C. Nakazawa

Research output: Contribution to journalArticle

13 Citations (Scopus)

Abstract

Optimal pricing for real and reactive power is a very important issue in a deregulation environment. This paper summarises the optimal pricing problem as an extended optimal power flow problem. Then, spot prices are decomposed into different components reflecting various ancillary services. The derivation of the proposed decomposition model is described in detail. Primary-Dual Interior Point method is applied to avoid 'go' 'no go' gauge. In addition, the proposed approach can be extended to cater for other types of ancillary services.

Original languageEnglish
Pages (from-to)349-356
Number of pages8
JournalInternational Journal of Electrical Power and Energy System
Volume26
Issue number5
DOIs
Publication statusPublished - 2004 Jun
Externally publishedYes

Fingerprint

Decomposition
Deregulation
Reactive power
Gages
Costs

Keywords

  • Interior point method
  • Optimal power flow
  • Spot pricing

ASJC Scopus subject areas

  • Energy Engineering and Power Technology
  • Electrical and Electronic Engineering

Cite this

Calculation and decomposition of spot price using interior point nonlinear optimisation methods. / Xie, K.; Song, Y. H.; Zhang, Deping; Nakanishi, Yosuke; Nakazawa, C.

In: International Journal of Electrical Power and Energy System, Vol. 26, No. 5, 06.2004, p. 349-356.

Research output: Contribution to journalArticle

@article{d355c9db3f964fe3861e71a9a5bea96a,
title = "Calculation and decomposition of spot price using interior point nonlinear optimisation methods",
abstract = "Optimal pricing for real and reactive power is a very important issue in a deregulation environment. This paper summarises the optimal pricing problem as an extended optimal power flow problem. Then, spot prices are decomposed into different components reflecting various ancillary services. The derivation of the proposed decomposition model is described in detail. Primary-Dual Interior Point method is applied to avoid 'go' 'no go' gauge. In addition, the proposed approach can be extended to cater for other types of ancillary services.",
keywords = "Interior point method, Optimal power flow, Spot pricing",
author = "K. Xie and Song, {Y. H.} and Deping Zhang and Yosuke Nakanishi and C. Nakazawa",
year = "2004",
month = "6",
doi = "10.1016/j.ijepes.2003.11.002",
language = "English",
volume = "26",
pages = "349--356",
journal = "International Journal of Electrical Power and Energy Systems",
issn = "0142-0615",
publisher = "Elsevier Limited",
number = "5",

}

TY - JOUR

T1 - Calculation and decomposition of spot price using interior point nonlinear optimisation methods

AU - Xie, K.

AU - Song, Y. H.

AU - Zhang, Deping

AU - Nakanishi, Yosuke

AU - Nakazawa, C.

PY - 2004/6

Y1 - 2004/6

N2 - Optimal pricing for real and reactive power is a very important issue in a deregulation environment. This paper summarises the optimal pricing problem as an extended optimal power flow problem. Then, spot prices are decomposed into different components reflecting various ancillary services. The derivation of the proposed decomposition model is described in detail. Primary-Dual Interior Point method is applied to avoid 'go' 'no go' gauge. In addition, the proposed approach can be extended to cater for other types of ancillary services.

AB - Optimal pricing for real and reactive power is a very important issue in a deregulation environment. This paper summarises the optimal pricing problem as an extended optimal power flow problem. Then, spot prices are decomposed into different components reflecting various ancillary services. The derivation of the proposed decomposition model is described in detail. Primary-Dual Interior Point method is applied to avoid 'go' 'no go' gauge. In addition, the proposed approach can be extended to cater for other types of ancillary services.

KW - Interior point method

KW - Optimal power flow

KW - Spot pricing

UR - http://www.scopus.com/inward/record.url?scp=0442280365&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=0442280365&partnerID=8YFLogxK

U2 - 10.1016/j.ijepes.2003.11.002

DO - 10.1016/j.ijepes.2003.11.002

M3 - Article

AN - SCOPUS:0442280365

VL - 26

SP - 349

EP - 356

JO - International Journal of Electrical Power and Energy Systems

JF - International Journal of Electrical Power and Energy Systems

SN - 0142-0615

IS - 5

ER -