Locational Marginal Pricing in the Campus Power System at the Power Distribution Level
- Resource Type
- Conference
- Authors
- Source
- Conference: Presented at the 2016 Power and Energy Society General Meeting (PESGM), 17-21 July 2016, Boston, Massachusetts
- Subject
- 24 POWER TRANSMISSION AND DISTRIBUTION distribution locational marginal price
distribution power system
optimal power flow
campus power system
load shedding
distribution locational marginal price
- Language
- English
In the development of smart grid at distribution level, the realization of real-time nodal pricing is one of the key challenges. The research work in this paper implements and studies the methodology of locational marginal pricing at distribution level based on a real-world distribution power system. The pricing mechanism utilizes optimal power flow to calculate the corresponding distributional nodal prices. Both Direct Current Optimal Power Flow and Alternate Current Optimal Power Flow are utilized to calculate and analyze the nodal prices. The University of Denver campus power grid is used as the power distribution system test bed to demonstrate the pricing methodology.