Locational Marginal Pricing

In competitive electric markets with an Independent System Operator (ISO), prices are often calculated using a method called Locational Marginal Pricing or LMP. How are they calculated at each node of a transmission system? This short video clip on LMPs is an excerpt from Module 5 of Enerdynamics' online course titled "Electric Market Dynamics." (http://bit.ly/EMDcourse) Learn how LMPs are calculated and how the calculations change when transmission constraints are present and when losses occur. The full Module 5 of Electric Market Dynamics is titled "Trading Arrangements: How Electric Markets Work." Click here http://bit.ly/EMDtrade for more information or to register for the full module.

Category:

Science & Technology

Tags:

• Electric
• Markets;Transmission
• Systems;Independent
• System
• Operators;ISO;Electric
• Business;Electricity
• Training;Energy
• Education;Energy
• Training;Locational
• Marginal
• Pricing;