Multi-Objective Transmission Pricing Using Mw-Mile Method

Abstract

With regards to focused power markets, transmission settled expenses ought to be reasonably allotted to transmission clients. A sensible assignment technique could prompt effective uses of existing transmission offices and in the meantime, give financial signs to controlling future era arranging and load sitting. The proposed technique considers the active power flow in the network and power factor with loss cost and it is the first pricing strategy to consider the real network conditions and power flow in the network. MW mile method is a simple method useful to cover the total transmission system cost among all network users. The main objective of this paper is to provide cost economically to the customers by considering not only the active power flow but also the power factor with loss cost. The paper proposes the multi objective MW-Mile method which gives solution to transmission pricing with power factor and loss cost. The proposed technique is tested on IEEE-24 Bus system and it is simulated using MATLAB software.