Abstract
AbstractAmong the common methodologies used for transmission pricing mechanism in the deregulated market, the point of connection (PoC) methodology charges the customer on the basis of “extent of use.” In this paper, a hybrid method has been introduced which comprises average and marginal participation method. Also this method is calculated for base case as well as peak case and it was observed that under peak case scenario the cost allocated is giving its optimality and the other nodes also respond positively either by no change or a decrease in their nodal pricing. This methodology is conducted on standard IEEE 14-bus system, whereas power flows are obtained by running Newton–Raphson load flow techniques.KeywordsPoint of connectionMarginal participation methodNodal pricingIEEE 14 busNewton–Raphson
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