Determination of Mean and Variance of LMP Using Probabilistic DCOPF and T-PEM

Masoud Davari; F. Toorani; H. Nafisi; M. Abedi; Gevorg B. Gharehpetian

doi:10.1109/PECON.2008.4762673

Determination of Mean and Variance of LMP Using Probabilistic DCOPF and T-PEM

Masoud Davari, F. Toorani, H. Nafisi, M. Abedi, Gevorg B. Gharehpetian

Electrical & Computer Engineering

Amirkabir University of Technology

Research output: Contribution to conference › Presentation

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	American English
DOIs	https://doi.org/10.1109/PECON.2008.4762673
State	Published - Dec 1 2008
Event	International Power and Energy Conference (PECon) - Johor Bahru, Malaysia Duration: Dec 1 2008 → …

Conference

Conference	International Power and Energy Conference (PECon)
Period	12/1/08 → …

Disciplines

Engineering
Electrical and Computer Engineering

Keywords

Costs
Demand forecasting
Economic forecasting
Equations
LMP
Load flow
Mean Value
Power Market
Power markets
Power system modeling
Power system planning
Pricing
Probabilistic DCOPF
Probability Theory
T-PEM
Uncertainty
Variance Value

Access to Document

10.1109/PECON.2008.4762673License: Unspecified

Cite this

@conference{947df30c899443308735736522965683,

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 = "Costs, Demand forecasting, Economic forecasting, Equations, LMP, Load flow, Mean Value, Power Market, Power markets, Power system modeling, Power system planning, Pricing, Probabilistic DCOPF, Probability Theory, T-PEM, Uncertainty, Variance Value",

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

note = "The Locational Marginal Pricing (LMP), calculated based on deterministic load flow and Optimal Power Flow (OPF), is used in power markets studies. In this; International Power and Energy Conference (PECon) ; Conference date: 01-12-2008",

year = "2008",

month = dec,

day = "1",

doi = "10.1109/PECON.2008.4762673",

language = "American English",

}

TY - CONF

T1 - Determination of Mean and Variance of LMP Using Probabilistic DCOPF and T-PEM

AU - Davari, Masoud

AU - Toorani, F.

AU - Nafisi, H.

AU - Abedi, M.

AU - Gharehpetian, Gevorg B.

N1 - The Locational Marginal Pricing (LMP), calculated based on deterministic load flow and Optimal Power Flow (OPF), is used in power markets studies. In this

PY - 2008/12/1

Y1 - 2008/12/1

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 - Costs

KW - Demand forecasting

KW - Economic forecasting

KW - Equations

KW - LMP

KW - Load flow

KW - Mean Value

KW - Power Market

KW - Power markets

KW - Power system modeling

KW - Power system planning

KW - Pricing

KW - Probabilistic DCOPF

KW - Probability Theory

KW - T-PEM

KW - Uncertainty

KW - Variance Value

UR - https://doi.org/10.1109/PECON.2008.4762673

U2 - 10.1109/PECON.2008.4762673

DO - 10.1109/PECON.2008.4762673

M3 - Presentation

T2 - International Power and Energy Conference (PECon)

Y2 - 1 December 2008

ER -

Determination of Mean and Variance of LMP Using Probabilistic DCOPF and T-PEM

Abstract

Conference

Disciplines

Keywords

Access to Document

Other files and links

Fingerprint

Cite this