| Title |
Calculation for Components of Locational Marginal Price considering Demand-Side Bidding in a Competitive Electricity Market |
| Authors |
김현홍(Kim, Hyun-Houng) ; 김진호(Kim, Jin-Ho) ; 박종배(Park, Jong-Bae) ; 신중린(Shin, Joong-Rin) |
| Keywords |
Location marginal price ; Demand-side bid ; Shadow price ; Congestion cost |
| Abstract |
This paper presents a new approach for the evaluation of location marginal prices (LMPs) considering demand-side bidding (DSB) in a competitive electricity market. The stabilization of the electric power supply and demand balance is one of the major important activities in electric power industry. In this paper, we present an analytical method for calculation of LMPs considering DSB, which has opportunity to compete with generating units, as England & Wales Pool's DSB scheme[1]. Also, we propose a new approach that LMP considering DSB is divided into three components. The proposed approach can be used for the evaluation of demand-side bidding into the electricity market and the assessment of the influence of DSB on total production costs and LMPs as well as three components. |