Multiphase Distribution Locational Marginal Prices: Approximation and Decomposition

We propose a multiphase distribution locational marginal price (DLMP) model. Compared to existing DLMP models in the literature, the proposed model has three distinctive features: i) It provides linear approximation of relevant DLMP components which captures global behavior of nonlinear functions; ii) it decomposes into most general components, i.e., energy, loss, congestion, voltage violations; and iii) it incorporates both wye and delta grid connections along with unbalanced loadings. The developed model is tested on a benchmark IEEE 13-bus unbalanced distribution system with the inclusion of distributed generators (DGs).