Nodal price control: a mechanism for transmission network cost allocation

• Published in: IEEE transactions on power systems Vol. 21; no. 1; pp. 3 - 10
• Main Authors: Gil, H.A., Galiana, F.D., da Silva, E.L.
• Format: Journal Article
• Language: English
• Published: New York IEEE 01.02.2006; The Institute of Electrical and Electronics Engineers, Inc. (IEEE)
• Subjects: Allocations; Bilevel programming; Commodities; congestion rent; Cost engineering; Cost function; economic dispatch (ED); Economics; Electric power generation; Electricity; Gas insulated transmission lines; Investments; Lagrangian functions; Load flow; Networks; nodal prices; Power generation; Power system economics; Production; Regulators; transmission cost allocation (TCA); Transportation; Voltage

This paper presents an approach for the allocation of transmission network costs by controlling the nodal electricity prices. The proposed approach introduces generation and nodal injection penalties into the traditional economic dispatch so as to create nodal price differences that recover the requ...