Abstract
A new methodology for calculating the distribution locational marginal prices (D-LMP) with distributed multi-agent paradigm is presented. the proposed D-LMP employs an optimal power flow methodology to evaluate the marginal energy component, especially for renewable generations, as well as the marginal congestion and loss components, which are critical for the valuation and settlement purposes. It is also illustrated that the D-LMP can be used as pricing signal to achieve maximum system social surplus and encourage distributed renewable energy penetration in distribution system. © 2011 IEEE.
Recommended Citation
F. Meng and B. H. Chowdhury, "Distribution LMP-Based Economic Operation for Future Smart Grid," 2011 IEEE Power and Energy Conference at Illinois, PECI 2011, article no. 5740485, Institute of Electrical and Electronics Engineers, Dec 2011.
The definitive version is available at https://doi.org/10.1109/PECI.2011.5740485
Department(s)
Electrical and Computer Engineering
Keywords and Phrases
congestion management; economic operation; Locational marginal price; renewable generation; Smart Grid; social surplus
International Standard Book Number (ISBN)
978-142448050-0
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
01 Dec 2011
