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

A simulation tool for calculating energy prices in competitive electricity markets

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

3 Author(s)
Xiaokang Xu ; Power Technol. Int. (Siemens PTI), Siemens Power Transm. & Distrib., Inc., Schenectady, NY ; Lane, D.W. ; Edmonds, M.J.S.

This paper presents a software tool, PSStradeLMP , for simulating true energy market operation conditions and prices using security-constrained unit commitment and security-constrained economic dispatch. PSStradeLMP has been integrated with Siemens PTI's world-wide used transmission planning tool, PSStradeE, allowing for full transmission network modeling and providing a fundamental and essential foundation for LMP analysis. PSStradeLMP analyzes the effects of network conditions and determines LMP at each node as well as energy production cost components. The core function of PSStradeLMP is a 24-hour simulation for LMP-based electricity markets or energy price forecasting. Simulation results can be viewed as tables, displayed on a diagram of the network, or presented as a time-series plot. In conjunction with PSStradeE, PSStradeLMP can be used as a complimentary tool for market-based transmission planning.

Published in:

Electric Utility Deregulation and Restructuring and Power Technologies, 2008. DRPT 2008. Third International Conference on

Date of Conference:

6-9 April 2008

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.