Overall price optimization strategy in the deregulated electricity market is one of the most important challenges for the participants, In this paper, we used Contingency Analysis Module of NEPLAN Software, a strategy of pricing to market participants is depicted.Each of power plants according to their size and share of the Contingency Analysis should be considered in the price of its hour. In ...

Abstract With increasing wind power (WP) penetration an extensive amount of volatile and weather dependent energy is fed into the German electricity system. To manage volume risk windless days transfer revenue from turbine owners to investors, WP derivatives were introduced. These insurance-like securities allow hedging unstable production on exchanges such as NASDAQ EEX. We present a modern po...

In this paper we investigate the simulation of real and reactive power spot markets. While spot pricing of real power remains a viable option for the creation of a power system market, the future of a reactive power spot market remains cloudy. The large capital investment portion needed in pricing reactive power as well as the highly volatile nature of reactive power spot prices makes the creat...

This article studies the optimization of pricing decisions in a supply chain with different channels under different power structure. Three different channel will be considered here; these include: the decentralized, the semi-integrated, and the integrated channel. There are two types of power balance structures for both the decentralized and the semi-integrated channels. The first type is a le...

Transmission pricing is an important issue in view of increased deregulation. Purpose of pricing is to recover cost of transmission encourage efficient use and investment. Wheeling charges for power transmission can be reduced by FACTS devices as they are effective means of controlling the power flow in the network. The unified power flow controller (UPFC) integrates properties of both shunt an...

This paper proposes an algorithm for transmission cost allocation (TCA) in a large power system based on nodal pricing approach using the multi-area scheme. The nodal pricing approach is introduced to allocate the transmission costs by the control of nodal prices in a single area network. As the number of equations is dependent on the number of buses and generators, this method will be very ti...

Locational Marginal Pricing (LMP) is a method for energy pricing in deregulated power systems. Loss and congestion cause different prices for energy at load or generation buses. In this pricing method there is a different between payments of customers and revenue of generators which is called Merchandizing Surplus (MS). Independent System Operator (ISO) receives MS and generally renders it to T...

This paper explores integrated pricing of electricity and roads enabled by wireless power transfer technology. We envision that high-power, high-efficiency wireless power transfer technologies are mature in the near future, which electrify roads to be charging infrastructures. The prices of electricity at electrified roads will affect electric vehicles’ route choices while the energy requiremen...