Transmission Expansion Planning in Deregulated Power ... - tuprints
Transmission Expansion Planning in Deregulated Power ... - tuprints
Transmission Expansion Planning in Deregulated Power ... - tuprints
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4 Market Based Criteria 35<br />
In the rest of this thesis “average congestion cost” is used <strong>in</strong>stead of “average of total<br />
congestion cost of the network”.<br />
4.2.2 Flatness of Price Profile<br />
Aga<strong>in</strong> consider a network with Nb buses and Nl l<strong>in</strong>es. Suppose some plans were suggested for<br />
transmission expansion. Assume PDFs of LMPs were computed for each plan us<strong>in</strong>g Nr<br />
samples. The mean of LMP of bus i over Nr samples <strong>in</strong> the presence of plan k is given by:<br />
k 1<br />
k<br />
µ lmp = lmpi,<br />
j i=1, 2,…, Nb (4.7)<br />
i N<br />
Nr<br />
∑<br />
r j=<br />
1<br />
with:<br />
k µ mean of LMP of bus i <strong>in</strong> the presence of plan k <strong>in</strong> $/MWhr<br />
lmp<br />
i<br />
Consider a Cartesian coord<strong>in</strong>ation for the network and suppose x i , and y i are Cartesian<br />
coord<strong>in</strong>ates of bus i.<br />
Def<strong>in</strong>ition:<br />
The surface which is fitted to the po<strong>in</strong>ts ( x i , y i , µ ) for i=1, 2,…, Nb us<strong>in</strong>g l<strong>in</strong>ear<br />
k<br />
lmpi<br />
<strong>in</strong>terpolation method is named piece profile of the network <strong>in</strong> the presence of plan k.<br />
Price profile always passes through all data po<strong>in</strong>ts. The z magnitude of other po<strong>in</strong>ts is<br />
determ<strong>in</strong>ed by l<strong>in</strong>ear <strong>in</strong>terpolation. Consider the example of section 3.3. The 8-bus network of<br />
section 3.3 with the associated PDFs of LMPs is shown <strong>in</strong> figure 4.2. Figure 4.3 shows the 8bus<br />
network on the xy-plane of Cartesian coord<strong>in</strong>ation. The mean of LMP of each bus has<br />
been specified by a bar over it. In figure 4.4 a surface has been fitted to the po<strong>in</strong>ts ( x i , y i ,<br />
0<br />
0<br />
µ lmp ) for i=1, 2,…, 8 us<strong>in</strong>g l<strong>in</strong>ear <strong>in</strong>terpolation. Where µ<br />
i<br />
lmp is the mean of LMP of bus i<br />
i<br />
for the exist<strong>in</strong>g network (before add<strong>in</strong>g any expansion plan to the network). This surface is<br />
named price profile of the exist<strong>in</strong>g network. Price profile is def<strong>in</strong>ed to make the presented<br />
criteria more sensible. The po<strong>in</strong>ts of price profile surface, which are not located over a bus,<br />
are not mean<strong>in</strong>gful.<br />
In nodal pric<strong>in</strong>g all customers purchase and sell electric energy at the LMP of their buses. In<br />
order to provide an environment that all customers purchase and sell energy at the same price,<br />
nodal prices must be made equal. On the other word, price profile must be made flat. As the<br />
price profile becomes flatter, differences among the mean of LMP of different buses decrease.