Locational Marginal Pricing: A Fundamental Reconsideration

Locational Marginal Pricing: A Fundamental Reconsideration

This study establishes that Locational Marginal Pricing (LMP) is conceptually problematic for grid-supported centrally-managed wholesale power markets transitioning to decarbonized grid operations with increasingly diverse participants, hence with increasingly uncertain and volatile net loads. LMP a...

Full description

Saved in:
Bibliographic Details
Main Author: Leigh Tesfatsion
Format: Article
Language:English
Published: IEEE 2024-01-01
Series:IEEE Open Access Journal of Power and Energy
Subjects:
Locational marginal pricing
US RTO/ISO-managed wholesale power markets
many-to-one benefit/cost measurement error
volumetric grid risk
grid-supported power markets as flexibility-support insurance mechanisms
nodal multi-interval pricing mechanisms
Online Access:https://ieeexplore.ieee.org/document/10419119/
Tags: Add Tag
No Tags, Be the first to tag this record!

Internet

https://ieeexplore.ieee.org/document/10419119/

Similar Items