World Journal of Engineering and Technology

Volume 4, Issue 3 (October 2016)

ISSN Print: 2331-4222   ISSN Online: 2331-4249

Google-based Impact Factor: 0.80  Citations  

Review of Methods to Calculate Congestion Cost Allocation in Deregulated Electricity Market

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DOI: 10.4236/wjet.2016.43D003    2,013 Downloads   3,836 Views  Citations

ABSTRACT

With maturing deregulated environment for electricity market, cost of transmission congestion becomes a major issue for power system operation. Uniform Marginal Price and Locational Marginal Price (LMP) are the two practical pricing schemes on energy pricing and congestion cost allocation, which are based on different mechanisms. In this paper, these two pricing schemes are introduced in detail respectively. Also, the modified IEEE-14-bus system is used as a test system to calculate the allocated congestion cost by using these two pricing schemes.

Share and Cite:

Zhao, J. , Lu, J. and Lo, K. (2016) Review of Methods to Calculate Congestion Cost Allocation in Deregulated Electricity Market. World Journal of Engineering and Technology, 4, 16-26. doi: 10.4236/wjet.2016.43D003.
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