Linear Programming Formulation for Market Clearing of Primary Market Incorporating Tracking Based Loss Factors

Sundaram, Arunachalam

Abstract

Most of the existing techniques for Locational Marginal Pricing model the loss in energy balance equation using loss factors with reference to the marginal bus and due to this the loss component price changes considerably whenever the marginal bus changes. To overcome this drawback distributed slack bus formulation has been proposed in literature in which loss distribution factors are preset and location of losses to be balanced is not explicitly indicated. To overcome this drawback this paper proposes a new linear programming formulation in which losses is accounted by balancing the load plus loss with generation at a unique delivery/withdrawal point for energy called “Market Center”, using two different loss factors obtained with reference to the market center, one for GENCOs using downstream tracking and other for DISCOs using upstream tracking. The two sets of average loss factors proposed are independent of slack bus and characterize the loss contributed by the participants. In this paper the concept of Market Center, mathematical analysis, algorithm and case studies are presented. The results show that the proposed method is fair, transparent and equitable than the existing techniques.

Citation

Sundaram, A. (2013). Linear Programming Formulation for Market Clearing of Primary Market Incorporating Tracking Based Loss Factors. European Journal of Scientific Research, 99(4), 520-535

• Journal Article Type: Article
• Publication Date: 2013-04
• Deposit Date: Aug 3, 2024
• Journal: European Journal of Scientific Research
• Print ISSN: 1450-216X
• Publisher: EuroJournals
• Peer Reviewed: Peer Reviewed
• Volume: 99
• Issue: 4
• Pages: 520-535