Abstract
Since last century, the electrical power industry world wide has been continuously restructured from a centralized monopoly to a competitive market. Under it, competitive market is one of the effective mechanism for energy supply to free the customer’s choices and improve overall social welfare. The aim of this restructuring is to promote competition and to make the electricity market more efficient. Recently, the electric power industry has entered in an increasingly competitive environment under which it becomes more realistic to improve economics and reliability of power systems by enlisting market forces [1]. In developing countries, the trend of electricity market is heading towards Transmission Open Access (TOA) whereby transmission providers will be required to offer the basic transmission service (operational and/or ancillary services) and pricing [2]. Electricity nodal pricing in this context is an effective scheme for providing techno-economic benefits to the market participants. Nodal prices contain valuable information useful for Poolco operation and, hence the scheme is to accurately determine them, continue to be an active area of research.
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.
