Shadow Price-Based Co-Ordination of Natural Gas and Electric Power Systems

Shadow Price Specification of Natural Gas in Production Activities of the Iranian Economy

Natural gas plays a key role in Iran’s economy and using its shadow price in allocating it to different sectors can lead to optimal use of this resource. This study uses a non-linear input-output model to estimate the shadow price of natural gas in different economic sectors in Iran. The study uses values of the input-output table constructed by the Statistics Center of Iran for the year 2011. ...

Natural Gas-Based Power Plant

Coordinated Planning and Scheduling of Electricity and Natural Gas Systems

In this paper we propose a model for coordinated planning of power and natural gas systems, as a part of electricity supply chain. This model takes into account costs and constraints of both systems, and with hiring simplifications and linearization methods transforms initially nonlinear formulation to a mixed integer linear programming (MILP) problem. Natural gas would be assumed steady state,...

Price-based Control of Electrical Power Systems

In this chapter we present the price-based control as a suitable approach to solve some of the challenging problems facing future, market-based power systems. On the example of economically optimal power balance and transmission network congestion control, we present how global objectives and constraints can in realtime be translated into time-varying prices which adequately reflect the current...

Non-iterative co-ordination in multilevel systems

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