Abstract

This chapter presents an approach for analysis of variation in Locational Marginal Pricing (LMP) due to integration of stochastic wind generation in stabilized grid network by using Probabilistic Optimal Power Flow (P-OPF) in MATPOWER environment. The competitive market led to the assessment of the nodal price values for bidding the next MW charges. Consequently, the precise estimation and analysis of LMP values become a challenging task in the presence of dubious wind generation. LMP at any power transport bus ‘z’ constitutes of: base LMP, LMP due to losses at bus z and LMP due to congestion at the same bus. As LMP itself is composed of congestion cost factors at an individual bus, it not only aids in the determination of Network Rental (NR), yet in addition, has a significant part in the determination and management of congestion from an economical perspective within the system. Therefore presented work underscores a methodology to analyze the variation in LMP values highlighting the congestion scenario. The analysis is carried out statistically and power flow run. This analysis is performed on the wind data set obtained from Indian Meteorological Department (IMD) section, Pune, India, on a standard IEEE 30 bus test system.

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 call

Disclaimer: 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.