Incentive charge calculation based on counter flow effect
by Kirti Pal; Manjaree Pandit; Laxmi Srivastava
International Journal of Power and Energy Conversion (IJPEC), Vol. 5, No. 1, 2014

Abstract: This paper studies the transmission pricing using optimal power flow when both pool and bilateral system coexist. The paper introduces the evaluation of transmission pricing for all market participants by considering counter flow effects. This approach uses the properties of the mega watt-mile method but takes into account the economic benefits of both trading parties by analysing their shares in negative power flow or counter flow. An analytical approach is used for calculating the incentive charge for individual participant when the multiple wheeling transactions are considered simultaneously. The proposed method allocates the incentive charge over the participants by analysing their shares in negative power flow or counter flow. One case study based on an IEEE 14 bus system is used to illustrate the proposed approach. The results show that the each participant provide with some incentive charges, which encourages the individual participants contribution over the traditional MW-mile approach in the context of revenue reconciliation of transmission services, regardless of transmission arrangement and locations. The main advantage of the developed method lies in its capability to consider multiple wheeling transactions simultaneously.

Online publication date: Tue, 13-May-2014

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

 
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Power and Energy Conversion (IJPEC):
Login with your Inderscience username and password:

Username:        Password:          Forgotten your password?

Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email subs@inderscience.com