Volume 11, Number 2 (June 2015)                   IJEEE 2015, 11(2): 165-173 | Back to browse issues page



DOI: 10.22068/IJEEE.11.2.165

XML Print


Download citation:
BibTeX | RIS | EndNote | Medlars | ProCite | Reference Manager | RefWorks
Send citation to:

Soofiabadi A R, Akbari Foroud A. Modifying nodal pricing method considering market participants optimality and reliability. IJEEE. 2015; 11 (2) :165-173
URL: http://ijeee.iust.ac.ir/article-1-717-en.html

Abstract:   (1396 Views)
This paper develops a method for nodal pricing and market clearing mechanism considering reliability of the system. The effects of components reliability on electricity price, market participants’ profit and system social welfare is considered. This paper considers reliability both for evaluation of market participant’s optimality as well as for fair pricing and market clearing mechanism. To achieve fair pricing, nodal price has been obtained through a two stage optimization problem and to achieve fair market clearing mechanism, comprehensive criteria has been introduced for optimality evaluation of market participant. Social welfare of the system and system efficiency are increased under proposed modified nodal pricing method.
Full-Text [PDF 987 kb]   (595 Downloads)    
Type of Study: Research Paper | Subject: Restructuring
Received: 2014/09/21 | Accepted: 2015/08/1 | Published: 2015/08/1

Add your comments about this article : Your username or email:
Write the security code in the box

© 2015 All Rights Reserved | Iranian Journal of Electrical and Electronic Engineering

Designed & Developed by : Yektaweb