Decomposition of wheeling prices for congestion management in power systems

Rui Li, Luonan Chen, Ryuichi Yokoyama

    Research output: Contribution to journalArticle

    Abstract

    This paper presents a method to decompose the wheeling prices of electricity by breaking down each wheeling price into a variety of parts corresponding to the concerned factors, such as generations, transmission congestion, voltage limitations and other constraints. This obtained detail information for wheeling prices can be used not only to improve the efficient usage of power grid and congestion management, but also to provide economic signals for generation or transmission investment. Several numerical examples demonstrate the effectiveness of this approach.

    Original languageEnglish
    Pages (from-to)101-106
    Number of pages6
    JournalUnknown Journal
    Publication statusPublished - 2004

    Fingerprint

    congestion
    Decomposition
    decomposition
    electricity
    economics
    Electricity
    grids
    Economics
    Electric potential
    electric potential

    Keywords

    • Active set
    • Congestion
    • Marginal cost
    • Nodal price
    • Optimal power flow
    • Wheeling price

    ASJC Scopus subject areas

    • Engineering(all)

    Cite this

    Decomposition of wheeling prices for congestion management in power systems. / Li, Rui; Chen, Luonan; Yokoyama, Ryuichi.

    In: Unknown Journal, 2004, p. 101-106.

    Research output: Contribution to journalArticle

    Li, Rui ; Chen, Luonan ; Yokoyama, Ryuichi. / Decomposition of wheeling prices for congestion management in power systems. In: Unknown Journal. 2004 ; pp. 101-106.
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