Abstract
The allocation of power system loss under hybrid transmission modes was investigated. First, a concept and method for converting a bilateral transaction into its two equivalents pool transactions were proposed. Then, a model based on Shapley value was designed to allocate the power system loss in the framework of equivalent pool transactions. The Shapley solution in cooperative game theory was employed to allocate the power system loss to each load pool transaction that includes the equivalent ones. The proposed method is applicable for electricity markets containing pool and bilateral transactions. It satisfies electric circuit laws and provides economic signals to users. The effectiveness of the proposed method is verified by the IEEE 5-bus test system.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
