Evaluating Transmission Services for Bilateral Transactions in Electricity Market

To design an efficient transmission tariff, recently transmission pricing has become one of major research topics in power industries. From the economic point of view, estimate of accurate costs is needed to provide the correct price signals. This paper aims to present a transmission pricing methodology for bilateral transactions in a voluntary net pool under competitive environment. To demonstrate the effectiveness of the proposed transmission pricing method, an IEEE 30-bus RTS system and integrated Nepal power system (INPS) consisting 58 buses, 18 generators, and 91 branches have been used for numerical simulation