Skip to main content
Presentation
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
Abstract
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.
Keywords
  • 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
Location
Johor Bahru, Malaysia
DOI
10.1109/PECON.2008.4762673
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)
Available at: http://works.bepress.com/masoud-davari/24/