Construct · 1 fields · 1 citations

locational marginal pricing: a standalone construct

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Power systems

electricity pricing in which each network node has its own price equal to the marginal cost of serving one more unit of load there, including losses and congestion.

In power systems, locational marginal pricing refers to electricity pricing in which each network node has its own price equal to the marginal cost of serving one more unit of load there, including losses and congestion. This meaning comes from Schweppe (1988) in Spot Pricing of Electricity.[1]

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Nearby constructs

congestion3 fields · 3 citationsjingle · one word, three constructs cost4 fields · 4 citationsjingle · one word, four constructs load6 fields · 7 citationsjingle · one word, six constructs

References

Schweppe, F. C., Caramanis, M. C., Tabors, R. D., & Bohn, R. E. (1988). Spot Pricing of Electricity. Springer US. https://doi.org/10.1007/978-1-4613-1683-1

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