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Locational marginal price calculations using the distributed-slack power-flow formulation

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3 Author(s)
Tong Wu ; ECCO Int., San Francisco, CA, USA ; Z. Alaywan ; A. D. Papalexopoulos

In practice, locational marginal prices (LMPs) are usually calculated by assembling their three components: the reference price, the congestion price, and the loss price. Explicit formulas for calculating the three components based on the single-slack power-flow formulation can be found in the literature. This letter presents the formulas for calculating the three components based on a distributed-slack power-flow formulation.

Published in:

IEEE Transactions on Power Systems  (Volume:20 ,  Issue: 2 )