Design and operation of the locational marginal prices-based electricity markets

@inproceedings{Litvinov2010DesignAO,
  title={Design and operation of the locational marginal prices-based electricity markets},
  author={E. Litvinov},
  year={2010}
}
Locational marginal prices (LMP)-based electricity markets are implemented in different countries around the world and are dominant in the United States. Even after ten years of the operation, some of the properties of the LMP are not well understood. There are many misconceptions about this clearing mechanism that led to some inefficient market designs. This study is an attempt to consistently present the current state of the LMP-based congestion management, including issues that market and… CONTINUE READING
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