| Title |
A Study on the Selection of Slack Bus at Application of Marginal Loss-Factor in a Competitive Electricity Market |
| Authors |
김상훈(Kim, Sang-Hoon) ; 이광호(Lee, Kwang-Ho) |
| Keywords |
Electricity Market ; Marginal Loss Factor ; Cournot Model ; Nash Equilibrium ; Slack Bus |
| Abstract |
Marginal Loss Factor(MLF) is represented as the sensitivity of transmission loss, which is computed from the change of the generation at slack bus by the change of the load at the arbitrary bus. The MLF dependent on the selection of slack bus is one of the key factors affecting nodal pricing, Genco's profits, social welfare(SW) and Nash Equilibrium in a competitive electricity market. This paper addresses the methodology of slack bus selection by using Cournot model of Cost Based Pool market. Numerical results from sample cases show that the slack bus of MLF of the highest average is beneficial from the view points of SW. |