Electrical Power Networks
Issues in Pricing and Transmission Rights
Published on 21. June 2019
Book
Hardback
320 pages
978-1-119-24192-8 (ISBN)
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Description
This book is aimed at providing a comprehensive treatment to the electrical network access and pricing problem. The transmission pricing problem, for some regulatory frameworks, is a mere fixed cost allocation problem, while for other others, it also accounts for operational costs like loss and congestion. This book provides a detailed description of both the approaches, with appropriate reasoning behind adopting a particular way of pricing. The book compares and contrasts various fixed cost allocation methods, in addition to discussion of the transmission loss allocation problem. The book sheds light on established practices in transmission pricing and rights in some of the power markets of the world. The emphasis here is to establish concepts in a simple and lucid manner. Important discussions are supported by appropriate numerical examples.
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Persons
A. R. Abhyankar, Indian Institute of Technology Delhi, New Delhi, India
Dr. A. R. Abhyankar is currently working as Associate Professor in Electrical Engineering Department of Indian Institute of Technology Delhi, New Delhi. He obtained his Ph.D. degree from Indian Institute of Technology Bombay, Mumbai, in 2007. He has been carrying out active research in power systems since 2002. He has provided consultancy services to Indian utilities in the area of transmission pricing that involves developing software for transmission pricing, customizing existing popular methods to suit Indian power system operation environment, educating stakeholders on the issue of network pricing, etc. He has developed one web based course titled - "Restructured Power Systems" which is available on NPTEL website.
Dr. Naren Bharatwaj V., ABB India Limited
Dr. Naren Bharatwaj V. obtained his Ph.D. degree from Indian Institute of Technology Delhi, New Delhi in 2015 and is currently working with ABB India Limited. He has worked in the area of congestion and loss pricing in centralized dispatch power markets. His expertise also includes the area of transmission fixed cost allocation. As part of his doctoral work, he suggested certain improvements to the issue of loss distribution in marginal loss DCOPF models and has worked extensively on LMP decomposition. He has special interest in Financial Transmission Rights (FTR) mechanism used in LMP markets.
Dr. A. R. Abhyankar is currently working as Associate Professor in Electrical Engineering Department of Indian Institute of Technology Delhi, New Delhi. He obtained his Ph.D. degree from Indian Institute of Technology Bombay, Mumbai, in 2007. He has been carrying out active research in power systems since 2002. He has provided consultancy services to Indian utilities in the area of transmission pricing that involves developing software for transmission pricing, customizing existing popular methods to suit Indian power system operation environment, educating stakeholders on the issue of network pricing, etc. He has developed one web based course titled - "Restructured Power Systems" which is available on NPTEL website.
Dr. Naren Bharatwaj V., ABB India Limited
Dr. Naren Bharatwaj V. obtained his Ph.D. degree from Indian Institute of Technology Delhi, New Delhi in 2015 and is currently working with ABB India Limited. He has worked in the area of congestion and loss pricing in centralized dispatch power markets. His expertise also includes the area of transmission fixed cost allocation. As part of his doctoral work, he suggested certain improvements to the issue of loss distribution in marginal loss DCOPF models and has worked extensively on LMP decomposition. He has special interest in Financial Transmission Rights (FTR) mechanism used in LMP markets.