Please use this identifier to cite or link to this item: https://hdl.handle.net/10216/70011
Author(s): João Tomé Saraiva
Title: From short to long term marginal prices - advantages and drawbacks
Issue Date: 2002
Abstract: In this paper we present models to compute short term and long term nodal marginal prices in transmission networks. Short term marginal prices are evaluated as sub-products of operation optimization problems and lead to a marginal based remuneration that is typically small when compared to the regulated amount. To address this Revenue Reconciliation Problem we developed a long term expansion planning problem in the scope of which long term nodal marginal prices are computed. The algorithm uses Simulated Annealing to take into account the discrete nature of several decisions and is able to consider a multi-period dynamic approach. The paper presents results from some case studies in order to clarify the advantages and drawbacks of these methodologies.
Subject: Engenharia, Engenharia electrotécnica, electrónica e informática
Engineering, Electrical engineering, Electronic engineering, Information engineering
Scientific areas: Ciências da engenharia e tecnologias::Engenharia electrotécnica, electrónica e informática
Engineering and technology::Electrical engineering, Electronic engineering, Information engineering
URI: https://repositorio-aberto.up.pt/handle/10216/70011
Source: MED POWER 2002 - 3rd Mediterranean Conference and Exhibition on Power Generation, Transmission, Distribution and Energy Conversion
Document Type: Artigo em Livro de Atas de Conferência Internacional
Rights: restrictedAccess
License: https://creativecommons.org/licenses/by-nc/4.0/
Appears in Collections:FEUP - Artigo em Livro de Atas de Conferência Internacional

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