Correlation between Generator Trips and Locational Marginal Prices (LMPs)
Abdulelah Alharbi, Shutang You, Yilu Liu
Abstract
Generally, disturbances in an interconnected network have an influence the stability and the economy of the power grid. Some phenomenon such as load shedding have proven to have a huge impact on real time electricity prices. Generation trip is considered one of the most common events in a power grid that may change the wholesale electricity market. In this paper, a locational marginal price (LMP) measure is used to notice how the electricity prices change with generator trip events at different locations of U.S. power grid. The study results help to find whether there is a clear correlation between generator trips and the changes in the electricity real-time market.
Topics & Concepts
Electricity marketGenerator (circuit theory)ElectricityTRIPS architectureNoticeGridElectricity generationElectric power systemPower gridEconometricsComputer scienceEconomicsPower (physics)EngineeringElectrical engineeringMathematicsLawQuantum mechanicsPhysicsGeometryPolitical scienceParallel computingElectric Power System OptimizationSmart Grid Energy ManagementOptimal Power Flow Distribution