May 8, 2024
Kermanshah University of Technology
فارسی
Reza Hemmati
Academic rank:
Professor
Address:
Imam Khomeini Highway, Kermanshah, Iran, Postal Code: 6715685420
Education:
Ph.D in Electrical power engineering
Phone:
083-38305001
Faculty:
Faculty ofٍٍ Electrical Engineering
E-mail:
reza.hematti [at] gmail.com
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Title
Impacts of Power System Uncertainties on Financial Transmission Rights in Deregulated Environments
Type
Article
Keywords
Background: This paper investigates the impacts of uncertainties on flow-gate marginal pricing (FMP) as an efficient tool for analyzing financial transmission rights (FTR) in deregulated electricity markets. Methods: The proposed method provides a mathematical formulation for optimal power flow (OPF) and FMP is defined through OPF. Several parameters in electric power systems are modeled as probability distribution function (PDF) and Monte-Carlo simulation (MCS) is utilized to cope with the uncertainties. In order to indicate the priority of the parameters on FMP, sensitivity analysis is carried out and the priority list is derived. Conclusion: Many analyses and assessments demonstrate that network uncertainty makes great impacts on FMP and it is inevitable to include such uncertainties in FMP calculations. Results also emphasize the major effects of FMP in electric power systems under deregulated environments.
Researchers
Reza Hemmati
Abstract
Congestion; deregulated market; financial transmission right; flow-gate marginal pricing; parameters; sensitivity