Different models and properties on LMP calculations

  title={Different models and properties on LMP calculations},
  author={Yong Fu and Zuyi Li},
  journal={2006 IEEE Power Engineering Society General Meeting},
  pages={11 pp.-}
  • Yong Fu, Zuyi Li
  • Published 2006 in
    2006 IEEE Power Engineering Society General…
This paper introduces the fundamental concept of locational marginal price (LMP) in the electricity markets, and presents some special observations on LMP. Under market environment, LMP based settlement strategy is used to determine the amount of money earned from ISO by the energy sellers and paid to ISO by the energy buyers. Thus, depending on different market designs, four different calculation models and corresponding properties on LMP are discussed in this paper. Some interesting… CONTINUE READING
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