Agent Based Locational Marginal Pricing and its Impact on Market Clearing Price in a Deregulated Electricity Market

This paper focuses towards agent based Locational Marginal Pricing (LMP) which will minimize the overall system cost and relieves congestion on transmission lines in a deregulated electricity market. For the analysis, agents are classified in terms of market traders, Independent System Operator (ISO...

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Bibliographic Details
Main Authors: Kiran P, K R M Vijaya Chandrakala, T N P Nambiar
Format: Article
Language:English
Published: ESRGroups 2019-09-01
Series:Journal of Electrical Systems
Subjects:
Online Access:https://journal.esrgroups.org/jes/papers/15_3_5.pdf