The Effects of Extended Locational Marginal Pricing in Wholesale Electricity Markets

被引:0
|
作者
Thompson, Gregory [1 ]
Li, Chao [1 ]
Zhang, Muhong [1 ]
Hedman, Kory W. [2 ]
机构
[1] Arizona State Univ, Sch Comp Informat & Decis Syst Engn, Tempe, AZ 85283 USA
[2] Arizona State Univ, Sch Elect Comp & Energy Engn, Tempe, AZ 85283 USA
关键词
Extended locational marginal price; locational marginal price; non-convex markets; pricing mechanisms; uplifts;
D O I
暂无
中图分类号
TE [石油、天然气工业]; TK [能源与动力工程];
学科分类号
0807 ; 0820 ;
摘要
In this paper, two pricing mechanisms in electricity markets are studied, the locational marginal price (LMP) and the extended locational marginal price (ELMP). The effects of these two pricing mechanisms are compared with regards to the allocation of the market surplus between generators and loads. The two pricing mechanisms are also analyzed with regards to the required uplift payments. The results confirm that uplift payments are reduced under the ELMP pricing mechanism. However, ELMP does not appropriately represent the marginal market clearing price for the market dispatch solution.
引用
收藏
页数:6
相关论文
共 50 条
  • [1] Locational Marginal Pricing Basics for Restructured Wholesale Power Markets
    Liu, Haifeng
    Tesfatsion, Leigh
    Chowdhury, A. A.
    [J]. 2009 IEEE POWER & ENERGY SOCIETY GENERAL MEETING, VOLS 1-8, 2009, : 325 - +
  • [2] Electricity markets for DC distribution systems: Locational pricing trumps wholesale pricing
    Piao, Longjian
    de Vries, Laurens
    de Weerdt, Mathijs
    Yorke-Smith, Neil
    [J]. ENERGY, 2021, 214
  • [3] Distribution Locational Marginal Pricing Under Uncertainty Considering Coordination of Distribution and Wholesale Markets
    Zhao, Zongzheng
    Liu, Yixin
    Guo, Li
    Bai, Linquan
    Wang, Zhongguan
    Wang, Chengshan
    [J]. IEEE TRANSACTIONS ON SMART GRID, 2023, 14 (02) : 1590 - 1606
  • [4] Locational marginal pricing-based allocation of transmission capacity in multiple electricity markets
    Karimi Varkani, Ali
    Seifi, Hossein
    Sheikh-El-Eslami, Mohammad Kazem
    [J]. IET GENERATION TRANSMISSION & DISTRIBUTION, 2014, 8 (05) : 983 - 994
  • [5] Forecasting Locational Marginal Pricing in Deregulated Power Markets
    Leevongwat, Ittiphong
    Rastgoufard, Parviz
    [J]. 2009 IEEE/PES POWER SYSTEMS CONFERENCE AND EXPOSITION, VOLS 1-3, 2009, : 1426 - 1434
  • [6] Status of deregulation and locational marginal pricing in power markets
    Leevongwat, Ittiphong
    Rastgoufard, Parviz
    Kaminsky, Edit J.
    [J]. PROCEEDINGS OF THE 40TH SOUTHEASTERN SYMPOSIUM ON SYSTEM THEORY, 2008, : 193 - +
  • [7] A generalized class of locational pricing mechanisms for the electricity markets
    Kaleta, Mariusz
    [J]. ENERGY ECONOMICS, 2020, 86
  • [8] Does locational marginal pricing impact generation investment location decisions? An analysis of Texas’s wholesale electricity market
    David P. Brown
    Jay Zarnikau
    Chi-Keung Woo
    [J]. Journal of Regulatory Economics, 2020, 58 : 99 - 140
  • [9] Does locational marginal pricing impact generation investment location decisions? An analysis of Texas's wholesale electricity market
    Brown, David P.
    Zarnikau, Jay
    Woo, Chi-Keung
    [J]. JOURNAL OF REGULATORY ECONOMICS, 2020, 58 (2-3) : 99 - 140
  • [10] Distributed Electricity Markets and Distribution Locational Marginal Prices: A Review
    Edmunds, Calum
    Galloway, Stuart
    Gill, Simon
    [J]. 2017 52ND INTERNATIONAL UNIVERSITIES POWER ENGINEERING CONFERENCE (UPEC), 2017,