OPTIMAL ELECTRICITY NODAL PRICE BEHAVIOUR: A STUDY IN INDIAN ELECTRICITY MARKET

S Warkad, Dr Khedkar, Dr Dhole
unpublished
In the past decades, electricity markets have significantly restructured in developing countries. The electricity nodal pricing has emerged as an efficient tool under it. Recently, the incorporation of High Voltage Direct Current (HVDC) link in AC network brought significant techno-commercial changes in the electricity markets in developing countries. This paper aims at (1) the motivation and need to study electricity nodal pricing, (2) optimal nodal price formulation with incorporation of HVDC
more » ... corporation of HVDC link in a AC transmission system, (3) testing of the methodology on IEEE 30-bus system and computation of nodal prices for real transmission network of India and (4) to assess the combined impact of transmission investment, incorporation of DC link, generation addition on electricity nodal prices. Paper concludes that the nodal prices are reduced with the incorporation of DC link and generation addition is one of the requirements to encourage competition in the wholesale electricity market.
fatcat:hrqhofhncrcwzcf5obro3adou4