M.L. Baughman

Bio: M.L. Baughman is an academic researcher. The author has contributed to research in topics: AC power & Electric power. The author has an hindex of 1, co-authored 1 publications receiving 286 citations.

Real-time pricing of reactive power: theory and case study results

Abstract: An analysis is made of real-time pricing policies of reactive power using a modification of the OPF (optimal power flow) model. The theory of real-time pricing of reactive power is presented, followed by a case study illustrating the magnitudes and ranges that real-time prices of reactive power might take on under different circumstances. The efficiency implications of real-time pricing of reactive power are compared with traditional power factor penalties. It is concluded that real-time pricing of reactive power should develop simultaneously with that of active power for maximum economic efficiency and smooth operation of the electricity marketplace. >

Reactive power pricing and management

Abstract: This paper explores the technical and economic issues of determining reactive power pricing structures in an open-access environment. It is believed that reactive power pricing and management under open-access will depend upon two important developments: (1) the functional unbundling of facilities that support the reactive power and voltage control service, and (2) grid rules to facilitate the coordination between generation and transmission systems for reliable system operation. The paper discusses the characteristics of reactive power that must be considered in order to develop a framework for reactive power pricing and management. Several cost allocation methods for valuing reactive power are presented. Two workable reactive power pricing structures are also proposed. The first is based on performance standards and the second is based on the local reactive power market concept.

Cost analysis of reactive power support

Abstract: The transfer of real power cannot be realized without reactive power/voltage support. However, compared with real power, the idea of reactive power costing and pricing is still not well defined. In this paper, the economic cost of reactive power is first analyzed. This cost includes the explicit and opportunity cost from various generation sources, such as generators, and the explicit cost from various transmission sources, such as reactive compensators, tap-changing transformers and the cost of transmission losses. Different from previous objectives functions, in this paper a cost-based reactive power dispatch is presented, which minimizes the total cost of reactive power support and determines the resultant reactive profile. This cost-based reactive power dispatch methodology provides information on the costing of reactive power and the information may be further expanded to include the pricing of reactive power.

Modern Power Systems Analysis

Abstract: Mathematical Model and Solution of Electric Network.- Load Flow Analysis.- Stochastic Security Analysis of Electrical Power Systems.- Power Flow Analysis in Market Environment.- HVDC and FACTS.- Mathematical Model of Synchronous Generator and Load.- Power System Transient Stability Analysis.- Small-Signal Stability Analysis of Power Systems.

A security-constrained bid-clearing system for the New Zealand wholesale electricity market

Abstract: This paper reports upon the mathematical models and implementation of the Scheduling, Pricing and Dispatch (SPD) application for the New Zealand Electricity Market (NZEM). SPD analyzes bids for energy offers, reserve offers and energy demands, and recognizes explicitly the effects on bid clearing due to transmission congestion, network losses, reserve requirements, and ramp rate limits. Advanced LP solution methods are utilized to solve the large-scale constrained optimization problem. Results on a 67-bus test system and the NZEM are included.

Decomposition model and interior point methods for optimal spot pricing of electricity in deregulation environments

Abstract: In this paper, an integrated optimal spot pricing model is presented first. The proposed model includes the detailed derivation of optimal nodal specific real-time prices for active and reactive powers, and the method to decompose them into different components corresponding to generation, loss, and many selected ancillary services such as spinning reserve, voltage control and security control. The features of the proposed model are discussed in relationship to existing pricing models and classical economic dispatch. The model is then implemented by modifying existing Newton OPF methods through interior point algorithms, which can effectively avoid "go" "no go" gauge (i.e. highly volatile) in the calculation of spot prices. Case studies on 5-bus and IEEE 30-bus systems are reported to illustrate the proposed method.