Volume : I, Issue : VI, March - 2012

Uniform Price Electricity Market Model in Deregulated Power System

T. Nireekshana, Dr. Kesava Rao, Dr. Siva Naga Raju

Abstract :

The main objective of the power sector deregulation process is more choices available to the customers and to reduce electricity costs to the customers. The market models are able to facilitate competitions among generators, calculate total generation costs, market cleå prices, costs of system securities, etc. Nodal pricing is a pricing system for purchasing and selling electric energy in deregulated power systems. It takes into account bid prices for generation, the flow of power within the transmission system and power transfer constraints. In order to maximize the social welfare in pool market, the elasticity of the demand is assumed. The customer benefit here can be defined as the benefit that customer receive from consuming the electricity and supplier benefit from selling the electricity in the pool market. The benefits can be calculated from the supply and demand curve and Market Cleå Price (MCP). Here MCP is the considered single price for all the market participants. The proposed work is tested on four areas, 48–bus System.

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Article: Download PDF   DOI : 10.36106/ijar  

Cite This Article:

T. Nireekshana, Dr.Kesava Rao, Dr.Siva Naga Raju Uniform Price Electricity Market Model in Deregulated Power System Indian Journal of Applied Research, Vol.I, Issue.VI March 2012

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