Abstract
In power industry the upshot of deregulation has reformed the electricity prices of the electric distribution system where pricing schemes are controlled by rules and regulations of market operation. Nodal price is a method to determine the prices at which the market clearing prices are calculated for various locations of the transmission network called nodes, it can also be implemented to distribution systems. This paper depicts the study of nodal pricing in power distribution system with probabilistic load and the impact of wind power assimilation on nodal prices is perceived. The current method utilizes marginal loss coefficients (MLC) technique to obtain nodal prices, and compares the results with deterministic and probabilistic loads, these are again examined with wind power integration. The whole study is carried out on a IEEE 69 bus radial distribution system using MATLAB 7.0.4.
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