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...

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