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.
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页数:6
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