Determination of mean and variance of LMP using probabilistic DCOPF and T-PEM

M. Davari; F. Toorani; H. Nafisi; M. Abedi; G. B. Gharehpetian

doi:10.1109/PECON.2008.4762673

Determination of mean and variance of LMP using probabilistic DCOPF and T-PEM

M. Davari, F. Toorani, H. Nafisi, M. Abedi, G. B. Gharehpetian

Electrical & Computer Engineering

Amirkabir University of Technology

Research output: Contribution to book or proceeding › Conference article › peer-review

12 Scopus citations

Abstract

The Locational Marginal Pricing (LMP), calculated based on deterministic load flow and Optimal Power Flow (OPF), is used in power markets studies. In this paper, an algorithm has been proposed to calculate the mean and variance of LMP. The proposed method is based on Two Point Estimate Method (T-PEM). The probabilistic LMP can be used to have a good estimation for LMP.

Original language	English
Title of host publication	PECon 2008 - 2008 IEEE 2nd International Power and Energy Conference
Pages	1280-1283
Number of pages	4
DOIs	https://doi.org/10.1109/PECON.2008.4762673
State	Published - 2008
Event	2008 IEEE 2nd International Power and Energy Conference, PECon 2008 - Johor Baharu, Malaysia Duration: Dec 1 2008 → Dec 3 2008

Publication series

Name	PECon 2008 - 2008 IEEE 2nd International Power and Energy Conference

Conference

Conference	2008 IEEE 2nd International Power and Energy Conference, PECon 2008
Country/Territory	Malaysia
City	Johor Baharu
Period	12/1/08 → 12/3/08

Keywords

LMP
Mean Value
Power Market
Probabilistic DCOPF
Probability Theory
T-PEM
Variance Value

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10.1109/PECON.2008.4762673

Cite this

Davari, M., Toorani, F., Nafisi, H., Abedi, M., & Gharehpetian, G. B. (2008). Determination of mean and variance of LMP using probabilistic DCOPF and T-PEM. In PECon 2008 - 2008 IEEE 2nd International Power and Energy Conference (pp. 1280-1283). Article 4762673 (PECon 2008 - 2008 IEEE 2nd International Power and Energy Conference). https://doi.org/10.1109/PECON.2008.4762673

@inproceedings{f30fc5c65ea34939a071ded611890e98,

title = "Determination of mean and variance of LMP using probabilistic DCOPF and T-PEM",

abstract = "The Locational Marginal Pricing (LMP), calculated based on deterministic load flow and Optimal Power Flow (OPF), is used in power markets studies. In this paper, an algorithm has been proposed to calculate the mean and variance of LMP. The proposed method is based on Two Point Estimate Method (T-PEM). The probabilistic LMP can be used to have a good estimation for LMP.",

keywords = "LMP, Mean Value, Power Market, Probabilistic DCOPF, Probability Theory, T-PEM, Variance Value",

author = "M. Davari and F. Toorani and H. Nafisi and M. Abedi and Gharehpetian, {G. B.}",

year = "2008",

doi = "10.1109/PECON.2008.4762673",

language = "English",

isbn = "9781424424054",

series = "PECon 2008 - 2008 IEEE 2nd International Power and Energy Conference",

pages = "1280--1283",

booktitle = "PECon 2008 - 2008 IEEE 2nd International Power and Energy Conference",

note = "2008 IEEE 2nd International Power and Energy Conference, PECon 2008 ; Conference date: 01-12-2008 Through 03-12-2008",

}

Davari, M, Toorani, F, Nafisi, H, Abedi, M & Gharehpetian, GB 2008, Determination of mean and variance of LMP using probabilistic DCOPF and T-PEM. in PECon 2008 - 2008 IEEE 2nd International Power and Energy Conference., 4762673, PECon 2008 - 2008 IEEE 2nd International Power and Energy Conference, pp. 1280-1283, 2008 IEEE 2nd International Power and Energy Conference, PECon 2008, Johor Baharu, Malaysia, 12/1/08. https://doi.org/10.1109/PECON.2008.4762673

Determination of mean and variance of LMP using probabilistic DCOPF and T-PEM. / Davari, M.; Toorani, F.; Nafisi, H. et al.
PECon 2008 - 2008 IEEE 2nd International Power and Energy Conference. 2008. p. 1280-1283 4762673 (PECon 2008 - 2008 IEEE 2nd International Power and Energy Conference).

Research output: Contribution to book or proceeding › Conference article › peer-review

TY - GEN

T1 - Determination of mean and variance of LMP using probabilistic DCOPF and T-PEM

AU - Davari, M.

AU - Toorani, F.

AU - Nafisi, H.

AU - Abedi, M.

AU - Gharehpetian, G. B.

PY - 2008

Y1 - 2008

N2 - The Locational Marginal Pricing (LMP), calculated based on deterministic load flow and Optimal Power Flow (OPF), is used in power markets studies. In this paper, an algorithm has been proposed to calculate the mean and variance of LMP. The proposed method is based on Two Point Estimate Method (T-PEM). The probabilistic LMP can be used to have a good estimation for LMP.

AB - The Locational Marginal Pricing (LMP), calculated based on deterministic load flow and Optimal Power Flow (OPF), is used in power markets studies. In this paper, an algorithm has been proposed to calculate the mean and variance of LMP. The proposed method is based on Two Point Estimate Method (T-PEM). The probabilistic LMP can be used to have a good estimation for LMP.

KW - LMP

KW - Mean Value

KW - Power Market

KW - Probabilistic DCOPF

KW - Probability Theory

KW - T-PEM

KW - Variance Value

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U2 - 10.1109/PECON.2008.4762673

DO - 10.1109/PECON.2008.4762673

M3 - Conference article

AN - SCOPUS:63049112977

SN - 9781424424054

T3 - PECon 2008 - 2008 IEEE 2nd International Power and Energy Conference

SP - 1280

EP - 1283

BT - PECon 2008 - 2008 IEEE 2nd International Power and Energy Conference

T2 - 2008 IEEE 2nd International Power and Energy Conference, PECon 2008

Y2 - 1 December 2008 through 3 December 2008

ER -

Determination of mean and variance of LMP using probabilistic DCOPF and T-PEM

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Keywords

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