TY - GEN
T1 - Dynamic locational marginal prices based zonal division in large-scale regional electricity markets
AU - Yao, Nana
AU - Wu, Jiang
AU - Liu, Kun
AU - Cai, Jing
N1 - Publisher Copyright:
© 2016 IEEE.
PY - 2016/9/27
Y1 - 2016/9/27
N2 - Price indicators are considered as the core of optimal allocation of resources in electricity markets. Zonal pricing can provide more flexible price signals than nodal pricing and uniform pricing, and a reasonable division of the energy market into zones is essential. In this paper, a topology based K-means clustering algorithm is developed which starts from calculating the locational marginal prices (LMPs) for a certain period of time as the characteristic values of buses and then clusters the buses characterized by similar dynamic LMPs into zones while taking the system's topology into account. Finally, the methodology is applied to IEEE-118 bus system and a realistic regional power system and the simulation results show that the developed aggregation method is effective and practical.
AB - Price indicators are considered as the core of optimal allocation of resources in electricity markets. Zonal pricing can provide more flexible price signals than nodal pricing and uniform pricing, and a reasonable division of the energy market into zones is essential. In this paper, a topology based K-means clustering algorithm is developed which starts from calculating the locational marginal prices (LMPs) for a certain period of time as the characteristic values of buses and then clusters the buses characterized by similar dynamic LMPs into zones while taking the system's topology into account. Finally, the methodology is applied to IEEE-118 bus system and a realistic regional power system and the simulation results show that the developed aggregation method is effective and practical.
UR - https://www.scopus.com/pages/publications/84991661082
U2 - 10.1109/WCICA.2016.7578346
DO - 10.1109/WCICA.2016.7578346
M3 - 会议稿件
AN - SCOPUS:84991661082
T3 - Proceedings of the World Congress on Intelligent Control and Automation (WCICA)
SP - 2443
EP - 2448
BT - Proceedings of the 2016 12th World Congress on Intelligent Control and Automation, WCICA 2016
PB - Institute of Electrical and Electronics Engineers Inc.
T2 - 12th World Congress on Intelligent Control and Automation, WCICA 2016
Y2 - 12 June 2016 through 15 June 2016
ER -