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Determination of Mean and Variance of LMP Using Probabilistic DCOPF and T-PEM
International Power and Energy Conference (PECon) (2008)
  • Masoud Davari, Georgia Southern University
  • F. Toorani, Amirkabir University of Technology-Iran
  • H. Nafisi, Amirkabir University of Technology-Iran
  • M. Abedi, Amirkabir University of Technology-Iran
  • Gevorg B. Gharehpetian, Amirkabir University of Technology-Iran
The Locational Marginal Pricing (LMP), calculated based on deterministic load flow and Optimal Power Flow (OPF), is used in power markets studies. In this paper, an algorithm has been proposed to calculate the mean and variance of LMP. The proposed method is based on Two Point Estimate Method (T-PEM). The probabilistic LMP can be used to have a good estimation for LMP.
  • T-PEM,
  • LMP,
  • Mean Value,
  • Variance Value,
  • Power Market,
  • Probabilistic DCOPF,
  • Probability Theory,
  • Load flow,
  • Power markets,
  • Pricing,
  • Costs,
  • Equations,
  • Power system planning,
  • Economic forecasting,
  • Demand forecasting,
  • Power system modeling,
  • Uncertainty
Publication Date
December 1, 2008
Johor Bahru, Malaysia
Citation Information
Masoud Davari, F. Toorani, H. Nafisi, M. Abedi, et al.. "Determination of Mean and Variance of LMP Using Probabilistic DCOPF and T-PEM" International Power and Energy Conference (PECon) (2008)
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