“…Market operators have been using the DC-OPF for dispatching power and clearing energy (Farmer et al, 1995;Hogan, 1998;Singh et al, 1998;Karaki et al, 2002;Niimura & Niu, 2002;Fonseka & Shrestha, 2004;Hamoud & Bradley, 2004;Dan et al, 2006) to determine the LMP due to its speed and robustness, particularly in market simulation and planning (Wu et al, 2004;Junjie & Tesfatsion, 2007;Li & Bo, 2007). Generally, the DC-OPF is used for security constrained economic dispatch and redispatch when controlling transmission congestion while maximising the economic power transfer capability of the transmission system without violating its constraints (Kafka, 1999;Yajing et al, 2006;Gomes & Saraiva, 2007;Rodrigues & Silva, 2007). However, DC-OPF does not consider the network losses.…”