Locational marginal pricing in the Philippine wholesale electricity spot market
Date
5-2013
Degree
Bachelor of Science in Electrical Engineering
College
College of Engineering and Agro-Industrial Technology (CEAT)
Adviser/Committee Chair
Elvin D. Dulce
Abstract
The Wholesale Electricity Spot Market obeys the law of supply and demand. With every demand needed, there will be a supply. But this has an equivalent amount. Locational Marginal Pricing is the application of market clearing pricing across the grid to reflect transmission losses and constraints. It is basically the pricing mechanism for wholesale power in an electricity market. This study aims to calculate the value of electricity on a specific location. Each node represents a physical location on the transmission system including generators and loads. This also aims to discuss the effect of transmission losses and congestion to the nodal price. Losses happen when delivering power from one node to another. These transmission losses are subjective to changes for every Megawatt injection on a bus. Also, congestion may occur but it is not always present on the power system. If there were no losses and no constraints then all nodal prices would be the same across the grid. But if the components are present, LMP would be different on every bus but only the scheduled generators will be paid by the load.
Language
English
Location
UPLB Main Library Special Collections Section (USCS)
Call Number
Thesis
Recommended Citation
Asama, Almira L., "Locational marginal pricing in the Philippine wholesale electricity spot market" (2013). Undergraduate Theses. 4373.
https://www.ukdr.uplb.edu.ph/etd-undergrad/4373
Document Type
Thesis