Cart (Loading....) | Create Account
Close category search window
 

Role of distribution factors in congestion revenue rights applications

Sign In

Cookies must be enabled to login.After enabling cookies , please use refresh or reload or ctrl+f5 on the browser for the login options.

Formats Non-Member Member
$31 $13
Learn how you can qualify for the best price for this item!
Become an IEEE Member or Subscribe to
IEEE Xplore for exclusive pricing!
close button

puzzle piece

IEEE membership options for an individual and IEEE Xplore subscriptions for an organization offer the most affordable access to essential journal articles, conference papers, standards, eBooks, and eLearning courses.

Learn more about:

IEEE membership

IEEE Xplore subscriptions

2 Author(s)
Minghai Liu ; Dept. of Electr. & Comput. Eng., Univ. of Illinois, Urbana, IL, USA ; Gross, G.

In the locational marginal price (LMP)-based congestion management scheme, transmission customers face uncertainty in the congestion charges they incur. In order to bring certainty to customers, congestion revenue rights (CRR) such as the fixed transmission rights (FTR) used in the PJM interconnection and flowgate rights (FGR) are introduced. These CRR are financial tools that provide the holder reimbursement of the congestion charges incurred in the day-ahead market. The implementation of CRR requires appropriate modeling of the transmission network in which the distribution factors are extensively used. These factors-the injection shift factors (ISFs) and the power transfer distribution factors (PTDFs)-are linear approximations of the sensitivities of the active power line flows with respect to various variables. The factors are computed for a specified network topology and parameter values. In practice, the PTDFs used for the CRR issuance may be different from those used in the day-ahead market due to changes in the forecasted network conditions. The PTDF errors may impact the FTR issuance quantities, the revenue adequacy of the FTR issuer and the hedging ability of the FGR. In this paper, we explore analytical characteristics of these distribution factors and investigate their role in CRR applications. We study the nature of the PTDF errors and examine their impacts in these applications, both analytically and experimentally. Our results indicate that the impacts of the PTDF errors in CRR applications stay in an acceptable range under a broad spectrum of conditions including contingencies used to establish n-1 security.

Published in:

Power Systems, IEEE Transactions on  (Volume:19 ,  Issue: 2 )

Date of Publication:

May 2004

Need Help?


IEEE Advancing Technology for Humanity About IEEE Xplore | Contact | Help | Terms of Use | Nondiscrimination Policy | Site Map | Privacy & Opting Out of Cookies

A not-for-profit organization, IEEE is the world's largest professional association for the advancement of technology.
© Copyright 2014 IEEE - All rights reserved. Use of this web site signifies your agreement to the terms and conditions.