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Article: Distributed spot pricing in radial distribution systems

TitleDistributed spot pricing in radial distribution systems
Authors
Issue Date1994
PublisherI E E E. The Journal's web site is located at http://ieeexplore.ieee.org/xpl/RecentIssue.jsp?punumber=59
Citation
Ieee Transactions On Power Systems, 1994, v. 9 n. 1, p. 311-317 How to Cite?
AbstractSpot pricing is a method for pricing electricity that maximizes the economic efficiency of the power system. We derive an expression for the spot prices in a radial distribution system, in terms of system quantities such as power line flows. The system's radial structure leads to simplified spot price expressions. We do not assume that all the problem data as available at one location (i.e., to the utility). The proposed pricing algorithm addresses the issue of decentralized knowledge by using a distributed processing scheme, which emphasizes local computations. We also show how line flow constraints can be implemented as an integral part of the proposed spot pricing algorithm.
Persistent Identifierhttp://hdl.handle.net/10722/74020
ISSN
2015 Impact Factor: 3.342
2015 SCImago Journal Rankings: 4.126
ISI Accession Number ID

 

DC FieldValueLanguage
dc.contributor.authorMurphy, Liamen_HK
dc.contributor.authorKaye, RJohnen_HK
dc.contributor.authorWu, Felix Fen_HK
dc.date.accessioned2010-09-06T06:57:02Z-
dc.date.available2010-09-06T06:57:02Z-
dc.date.issued1994en_HK
dc.identifier.citationIeee Transactions On Power Systems, 1994, v. 9 n. 1, p. 311-317en_HK
dc.identifier.issn0885-8950en_HK
dc.identifier.urihttp://hdl.handle.net/10722/74020-
dc.description.abstractSpot pricing is a method for pricing electricity that maximizes the economic efficiency of the power system. We derive an expression for the spot prices in a radial distribution system, in terms of system quantities such as power line flows. The system's radial structure leads to simplified spot price expressions. We do not assume that all the problem data as available at one location (i.e., to the utility). The proposed pricing algorithm addresses the issue of decentralized knowledge by using a distributed processing scheme, which emphasizes local computations. We also show how line flow constraints can be implemented as an integral part of the proposed spot pricing algorithm.en_HK
dc.languageengen_HK
dc.publisherI E E E. The Journal's web site is located at http://ieeexplore.ieee.org/xpl/RecentIssue.jsp?punumber=59en_HK
dc.relation.ispartofIEEE Transactions on Power Systemsen_HK
dc.titleDistributed spot pricing in radial distribution systemsen_HK
dc.typeArticleen_HK
dc.identifier.emailWu, Felix F: ffwu@eee.hku.hken_HK
dc.identifier.authorityWu, Felix F=rp00194en_HK
dc.description.naturelink_to_subscribed_fulltext-
dc.identifier.doi10.1109/59.317596en_HK
dc.identifier.scopuseid_2-s2.0-0028369783en_HK
dc.identifier.hkuros15305en_HK
dc.identifier.volume9en_HK
dc.identifier.issue1en_HK
dc.identifier.spage311en_HK
dc.identifier.epage317en_HK
dc.identifier.isiWOS:A1994NL15200103-
dc.publisher.placeUnited Statesen_HK
dc.identifier.scopusauthoridMurphy, Liam=7201572469en_HK
dc.identifier.scopusauthoridKaye, RJohn=7101600224en_HK
dc.identifier.scopusauthoridWu, Felix F=7403465107en_HK

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