A MONTE-CARLO MODEL FOR CALCULATING SPOT MARKET PRICES OF ELECTRICITY

被引:12
作者
BAUGHMAN, ML [1 ]
LEE, WW [1 ]
机构
[1] HONG KONG ELECT CO LTD, HONG KONG, HONG KONG
关键词
SPOT MARKET PRICING; REAL-TIME PRICING; MONTE-CARLO SIMULATION;
D O I
10.1109/59.141763
中图分类号
TM [电工技术]; TN [电子技术、通信技术];
学科分类号
0808 ; 0809 ;
摘要
This paper describes a model for calculating the spot price of electricity of a typical electric power system. The model contributes to the implementation of spot prices by providing a practical means to evaluate the spot price of a typical electric power system. It offers several different approaches for calculating generation curtailment premiums and transmission congestion charges. This paper presents the model formulation and illustrates its application with case study results.
引用
收藏
页码:584 / 590
页数:7
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