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• W2144287652 abstract "Although locational marginal pricing (LMP) plays an important role in many restructured wholesale power markets, the detailed derivation of LMPs as actually used in industry practice is not readily available. This lack of transparency greatly hinders the efforts of researchers to evaluate the performance of these markets. In this paper, different AC and DC optimal power flow (OPF) models are presented to help understand the derivation of LMPs. As a byproduct of this analysis, the paper provides a rigorous explanation of the basic LMP and LMP-decomposition formulas (neglecting real power losses) presented without derivation in the business practice manuals of the U.S Midwest Independent System Operator (MISO)." @default.
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• W2144287652 date "2009-07-01" @default.
• W2144287652 modified "2023-10-01" @default.
• W2144287652 title "Locational marginal pricing basics for restructured wholesale power markets" @default.
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• W2144287652 doi "https://doi.org/10.1109/pes.2009.5275503" @default.
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