Sensitivity-Based Pricing and Optimal Storage Utilization in Distribution Systems

In the deregulated power system, locational marginal prices (LMPs) are used in transmission engineering predominantly as near real-time pricing signals. This work extends this concept to distribution engineering by formulating a distribution LMP signal based on power flow sensitivities in a distribu...

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Bibliographic Details
Published in:	IEEE transactions on power delivery Vol. 28; no. 2; pp. 1073 - 1082
Main Authors:	Sathyanarayana, B. R., Heydt, G. T.
Format:	Journal Article
Language:	English
Published:	New York, NY IEEE 01.04.2013 Institute of Electrical and Electronics Engineers
Subjects:	Applied sciences Direct energy conversion and energy accumulation Distributed storage resources distribution system control Electrical engineering. Electrical power engineering Electrical machines Electrical power engineering Energy accumulation Energy storage Equations Exact sciences and technology locational marginal prices (LMPs) Mathematical model Miscellaneous multiobjective optimization Operation. Load control. Reliability Optimization parallel processing power distribution engineering Power networks and lines Reactive power real-time pricing Regulation and control Roy Billinton Test System Sensitivity sensitivity analysis smart grid Vectors Deregulation Power system economics Optimization method Multiobjective programming Jacobi matrix Distributed storage resources Load flow Roy Billinton Test System multiobjective optimization Power flow Pricing Optimal operation power distribution engineering Parallel processing Power markets Time signal Distribution network real-time pricing locational marginal prices (LMPs) Sensitivity analysis distribution system control Distribution cost Algorithm Smart grid Energy source Sensitivity Electrical network Distributed control Economic aspect Tariffication Marginal cost Energy storage
ISSN:	0885-8977, 1937-4208
Online Access:	Get full text
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