NDLI: Penalised quoted cost based approach on transmission loss allocation for a bilateral contract in deregulated electricity market

Content Provider	IET Digital Library
Author	Ahmed, K. Shafeeque Karthikeyan, Shanmugam Prabhakar
Abstract	Supplying transmission losses economically under bilateral contract is a challenge for power engineers. In this study, penalised quoted cost (PQC) based approach is proposed where generators will participate for supplying the transmission losses which may be incurred from their customers through their bilateral contracts in a deregulated electricity market. The loss supplying generators will quote the cost and the quantum of real power that can be supplied by them to independent system operator (ISO) in a day-ahead market. This study presents a lucid approach for loss allocation economically by ranking the loss supplying generators based on their PQC. Penalty factor for each loss supplying generator is calculated using the loss coefficients. ISO will meet the losses due to bilateral contracts in an economical way by selecting the generators with minimum PQC and the associated cost is allocated to the individual transactions based on loss contribution fraction. The proposed algorithm is tested using a sample four-bus system and IEEE 30 bus system using MATLAB R2014a. This method is based on the participation of generators and their given quotation in transmission loss allocation process. The study gives both the real power loss/cost allocation to the generators and for individual transactions.
Starting Page	4078
Ending Page	4084
Page Count	7
ISSN	17518687
Volume Number	10
e-ISSN	17518695
Issue Number	Issue 16, Dec (2016)
Alternate Webpage(s)	https://digital-library.theiet.org/content/journals/iet-gtd/10/16
Alternate Webpage(s)	https://digital-library.theiet.org/content/journals/10.1049/iet-gtd.2016.0432
Journal	IET Generation, Transmission & Distribution
Publisher Date	2016-12-08
Access Restriction	Open
Rights Holder	© The Institution of Engineering and Technology
Subject Keyword	Bilateral Contract Costing Deregulated Electricity Day-ahead Market IEEE 30 Bus System Independent System Operator ISO MATLAB R2014a Penalised Quoted Cost Based Approach Power Engineer Power Generation Economics Power Market Power System Economics Power System Managemen Power System Operation Power Transmission Economics Power Transmission, Distribution And Supply PQC Based Approach Sample Four-bus System Transmission Loss Allocation Process
Content Type	Text
Resource Type	Article
Subject	Control and Systems Engineering Energy Engineering and Power Technology Electrical and Electronic Engineering

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1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
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9	IDR Setup or Support	Queries related to establishment and support of Institutional Digital Repository (IDR) and IDR workshops	idr@ndl.gov.in

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