1801. Distribution Locational Marginal Pricing under Generation and Network Scarcity Conditions
Invited abstract in session MA-44: Advancing Energy System Models, stream Energy Economics & Management.
Monday, 8:30-10:00Room: Newlyn 1.01
Authors (first author is the speaker)
| 1. | ZeJun Ruan
|
| Electrical and Computer Engineering, National Technical University of Athens | |
| 2. | Anthony Papavasiliou
|
| Electrical and Computer Engineering, National Technical University of Athens | |
| 3. | Mehdi Madani
|
| N-SIDE |
Abstract
This work focuses on a computationally tractable formulation for reserve deliverability on meshed networks, which opens the path for integrating scarcity prices in distribution locational marginal prices. The problem of reserve deliverability is approximated as a problem of approximating a polyhedron of admissible reserve trades by an inscribed box of maximum volume. The equivalence of the model with an existing alternative model of reserve deliverability is proven for radial networks. The study analyzes the pricing patterns that arise from the proposed model and examines a realistic case study of coordination between the transmission and distribution systems. At last, the effect of alternative design choices on distribution network prices and incentives to invest are analyzed.
Keywords
- OR in Energy
- Engineering Optimization
Status: accepted
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