Quantifying the Impact of Unscheduled Line Outages on Locational Marginal Prices Conference Paper

abstract

• In this paper, we present a systematic approach for quantifying the impact of unscheduled line outages on real-time Locational Marginal Price (LMP). The probabilistic LMP is formulated with consideration of generation, load, and topology uncertainties. A computationally efficient 2n+1 point estimation method is adopted to calculate statistical moments of LMP due to unscheduled transmission line outages. The proposed approach is demonstrated in a modified PJM five-bus system. Result of such study is beneficial for power market participants in developing a more comprehensive bidding strategy.

name of conference

• North American Power Symposium 2010

authors

• Kezunovic, Mladen
• Xie, Le

published proceedings

• North American Power Symposium 2010

author list (cited authors)

• Lotfifard, S., Xie, L. e., & Kezunovic, M.

citation count

• 3

complete list of authors

• Lotfifard, Saeed||Xie, Le||Kezunovic, Mladen

publication date

• September 2010

publisher

• Institute of Electrical and Electronics Engineers (IEEE)  Publisher

Digital Object Identifier (DOI)

• 10.1109/naps.2010.5618984

International Standard Book Number (ISBN) 13

• 9781424480463

start page

• 1

end page

• 6

URL

• http%3A%2F%2Fdx.doi.org%2F10.1109%2Fnaps.2010.5618984