Using a System Model to Decompose the Effects of Influential Factors on Locational Marginal Prices

Abstract

Locational marginal prices (LMPs) are influenced by various factors such as load uncertainty, thermal limit, capacity reserve, and market power. We build a system model to quantitatively analyze the effects of these individual factors and their interactions on the mean and standard deviation of the LMPs, assuming that the factors are either active or… (More)

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