Advanced power quality rating under the conditions of deregulated markets

Mühlwitz, Michael; Meyer, Jan Christian; Winkler, G.

doi:10.1049/cp:20010780

Cited by 2 publications

(2 citation statements)

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“…ER with uniform price is designed to satisfy the basic need of every consumer in a managed PQM, with which the exposure to risk of unable to get ER during the bidding process can be reduced largely. Every consumer of PCC is entitled to apply for the ERs with a certain amount in the next stage, with which the operator of managed PQM distributes each of them a certain quantity of emission capacity (basic emission capacity) according to its pollution level [9] [10]. "Uniform" means that the unit price of this part is set down by the operator and equal for every consumers participating in a PQM, the value of which is determined during the process of optimization of total utility, to maintain the net surplus of PQO around zero.…”

Section: B Biddingfor Emission Rightsmentioning

confidence: 99%

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Optimal Allocation of Electromagnetic Pollution Emission Rights in Power Quality Markets

Yang

Zhou

2006

2006 International Conference on Power System Technology

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Power quality (PQ) is an issue that is becoming increasingly important to electricity consumption. How to design a market mechanism for power quality exchange becomes acute more and more. Due to its systematic property, a managed power quality market (PQM) should be organized. In this paper, a novel competing model involving two-price bidding of demand side and marginal cost bidding of supply side is presented to optimize the allocation of Emission Right (ER) among the consumers in a managed PQM. The uniform price for the basic emission capacity can help to reduce the risks in markets, and the ultimate allocation can maximize the total system utility because the trading between suppliers and consumers occurs at the point of market equilibrium. An example is given to illustrate the rationality and feasibility of the proposed model.

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Section: B Biddingfor Emission Rightsmentioning

confidence: 99%

“…If the optimal clearing price varies between level n and level n+l, the clearing price for supply side and the prices for demand side should be calculated as follows: where m is the number of consumers in PQM. From (9) we can obtain the optimal allocation of ER for the example:…”

Section: Numerical Examplesmentioning

confidence: 99%