Evaluation of Generation and Transmission Asset on Nodal Prices in Electricity Markets

  • Mr. Ganesh Wakte, Dr. V. M. Panchade, Dr. V. G. Umale

Abstract

Electric needs a phase of quick changes especially in the marketplace and rigid policies. Under it, electric carrying pricing can profile the level of contest in the electricity marketplace. This is one of the situations when nodal pricing makes sense. valuable schemes to reach transmission pricing goals. The performance of the Electricity Act 2003 has started the entry for general electricity market in the Indian electricity sector. The accomplishment of Transmission Open Access (TOA) regulation in India desires to reconfirm the necessary infrastructure and proper pricing policy to endorse competition in this sector. This paper aims at (1) pricing issues commonly and Nodal pricing in exacting, (2) most advantageous Nodal price formulation (3) execution of Nodal pricing methodology over IEEE-57 (4) to review the impact of generation and transmission asset on the Nodal prices. Paper finalized that Nodal pricing is easy to execute over real network conditions and precious in achieving transmission pricing objectives.

Published
2021-06-17
How to Cite
Mr. Ganesh Wakte, Dr. V. M. Panchade, Dr. V. G. Umale. (2021). Evaluation of Generation and Transmission Asset on Nodal Prices in Electricity Markets. Design Engineering, 16154 - 16164. Retrieved from http://www.thedesignengineering.com/index.php/DE/article/view/9313
Section
Articles