An investigation of the impact of dispatchable power routers on electricity markets and market participants

Abstract

Power routers are novel power electronic devices capable of distributing the flow of power across a meshed electricity network, with potentially enormous benefits for the power system. In order to model the impact of power routers on electricity markets, power router control must be incorporated into electricity market algorithms such as the security-constrained optimal power flow. Once power router control is incorporated into these tools, its impact on markets and market participants can be investigated through observation of its affect on locational marginal prices. This paper investigates the impact of a dispatchable power router paradigm on electricity markets and market participants through incorporation of power router control into the security-constrained optimal power flow algorithm.