Abstract
Currently, there are only a handful of methods used to calculate prices for the energy generated from photovoltaic and other renewable resources. Some of these are net metering, feed-in-tariffs, etc. However, none of the methods in use today are widely used. This paper will discuss a new methodology to calculate energy prices in the sense of locational marginal prices for future smart distribution systems with renewable energy resources as the primary energy supply. the scheme calculates the marginal energy price for renewable generations and storage, as well as the marginal congestion and loss prices in order to determine optimal economic operations in the system. This price, called the distribution location marginal price or DLMP, can be used as a pricing signal to achieve maximum system social surplus and environmental benefits by encouraging utilization of renewable distributed generation and energy storage in a competitive distribution market. © 2012 IEEE.
Recommended Citation
B. H. Chowdhury and F. Meng, "Economics of Grid-tied Customer-owned Photovoltaic Power Generation," IEEE Power and Energy Society General Meeting, article no. 6344709, Institute of Electrical and Electronics Engineers, Dec 2012.
The definitive version is available at https://doi.org/10.1109/PESGM.2012.6344709
Department(s)
Electrical and Computer Engineering
Keywords and Phrases
Distribution Locational Marginal Prices; Feed-in Tariff; Netmetering
International Standard Book Number (ISBN)
978-146732727-5
International Standard Serial Number (ISSN)
1944-9933; 1944-9925
Document Type
Article - Conference proceedings
Document Version
Citation
File Type
text
Language(s)
English
Rights
© 2024 Institute of Electrical and Electronics Engineers, All rights reserved.
Publication Date
11 Dec 2012
