Scandinavian Working Papers in Economics
Discussion Papers,
Norwegian School of Economics, Department of Business and Management Science
No 2004/8: Assessment of the Norwegian Transmission Pricing Rules by Using a Modified AC-OPF
Georgios C. Stamtsis (), Mette Bjørndal (), István Erlich () and Kurt Jörnsten ()
Additional contact information
Georgios C. Stamtsis: Department of Electrical and Electronics Engieering / EAN, University Duisburg-Essen, Postal: University Duisburg-Essen, Campus Duisburg, Department of Electrical and Electronics Engieering / EAN , Bismarckstr. 81, 47057 Duisburg, Germany
Mette Bjørndal: Dept. of Finance and Management Science, Norwegian School of Economics and Business Administration, Postal: NHH , Department of Finance and Management Science, Helleveien 30, N-5045 Bergen, Norway
István Erlich: Department of Electrical and Electronics Engieering / EAN, University Duisburg-Essen, Postal: University Duisburg-Essen, Campus Duisburg, Department of Electrical and Electronics Engieering / EAN , Bismarckstr. 81, 47057 Duisburg, Germany
Kurt Jörnsten: Dept. of Finance and Management Science, Norwegian School of Economics and Business Administration, Postal: NHH , Department of Finance and Management Science, Helleveien 30, N-5045 Bergen, Norway
Abstract: This paper focuses on the combined effects of loss factors and zonal pricing in a system that takes as a starting point the procedures of transmission pricing in the Norwegian power system. It interprets the notion of loss factors in an AC power flow model, and develops a method for finding zonal prices consistent with a restricted AC optimal power flow. The effects of decomposing the nodal prices to find a loss factor to cover the marginal cost of losses, and letting the congestion management be resolved by zonal prices based on a DC approximation of the flows, are evaluated by comparing the resulting net prices to those of an optimal AC power flow (ACOPF).
Keywords: Congestion management; deregulated electricity markets; optimal power flow; loss factors; nodal pricing; Nord Pool; Norwegian power market; pool model; transmission pricing; zonal pricing
JEL-codes: L94
8 pages, June 1, 2004
Full text files
163662
- Norwegian School of Economics, Department of Business and Management Science
- Ordering Working Papers
- Home page for this series
Questions (including download problems) about the papers in this series should be directed to Stein Fossen ()
Report other problems with accessing this service to Sune Karlsson ().
RePEc:hhs:nhhfms:2004_008This page generated on 2024-09-13 22:16:22.