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Author(s): Bruno André Gomes
João Tomé Saraiva
Luís Neves
Title: Computation of nodal marginal prices in the presence of load and generation cost uncertainties
Issue Date: 2009
Abstract: Marginal prices have been recognized as the core approach to the economic evaluation of generation and transmission services in an electricity market environment. In this context, this paper presents the New Fuzzy Optimal Power Flow algorithm as a model to addresses the impact of load and generation cost uncertainties in nodal marginal prices. Since loads and generation costs are represented by fuzzy numbers, nodal marginal prices will no longer be represented by deterministic values, but rather by fuzzy membership functions reflecting the specified uncertainties. The paper also presents the algorithm used for the integration of the transmission losses effect on the results. Since the proposed algorithm uses multiparametric programming techniques, it contributes to characterize in a better way the system behavior. Finally, it includes results based on the IEEE 24 bus/38 branch test system to illustrate the proposed approach.
Subject: Engenharia electrotécnica, electrónica e informática
Electrical engineering, Electronic engineering, Information engineering
Document Type: Artigo em Livro de Atas de Conferência Internacional
Rights: restrictedAccess
Appears in Collections:FEUP - Artigo em Livro de Atas de Conferência Internacional

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