Abstract
Smart grid technologies are gaining acceptance and are being integrated into power distribution systems as a result of public and private investment and funding. However, costs of these technologies appear to be a clear obstacle in the widespread integration and maximal use of these technologies. in this paper, the utilization of dollar pricing signals is proposed and illustrated for power distribution engineering. a signal modeled after locational marginal pricing from transmission engineering is proposed to provide pricing data locally in distribution systems. the calculation, utilization, advantages, and shortcomings of the concept are presented. a main conclusion is that the use of a distribution locational marginal price signal fits well with an electronically controlled power distribution system. © 2012 IEEE.
Recommended Citation
G. T. Heydt et al., "Pricing and Control in the Next Generation Power Distribution System," IEEE Transactions on Smart Grid, vol. 3, no. 2, pp. 907 - 914, article no. 6182597, Institute of Electrical and Electronics Engineers, Apr 2012.
The definitive version is available at https://doi.org/10.1109/TSG.2012.2192298
Department(s)
Electrical and Computer Engineering
Keywords and Phrases
Direct digital control; distributed control; distributed resources; distribution engineering; locational marginal prices; power system control; solid state controllers; state estimation
International Standard Serial Number (ISSN)
1949-3053
Document Type
Article - Journal
Document Version
Citation
File Type
text
Language(s)
English
Rights
© 2024 Institute of Electrical and Electronics Engineers, All rights reserved.
Publication Date
17 Apr 2012
Comments
National Science Foundation, Grant EEC-08212121