Effects of locational marginal price on electricity market with distributed generation

Yun Liu, Ching Sin Tan, Kwok Lun Lo

Research output: Contribution to journalArticle

4 Citations (Scopus)

Abstract

A method to calculate the locational marginal price (LMP) and its cost components of electricity in a power network with distributed generation (DG) was proposed. The cost components include energy cost, marginal loss cost and marginal congestion cost. The values of these cost components can provide the correct price signals for the choice of site for distribution generation. Through a six-bus study case, and by altering the data input to simulate system changing conditions, the results of the proposed method clearly demonstrate the changing values of the cost components.

Original languageEnglish
Pages (from-to)89-97
Number of pages9
JournalZhongguo Dianji Gongcheng Xuebao/Proceedings of the Chinese Society of Electrical Engineering
Volume27
Issue number31
Publication statusPublished - 05 Nov 2007

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Distributed power generation
Costs
Power markets
Electricity

All Science Journal Classification (ASJC) codes

  • Electrical and Electronic Engineering

Cite this

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