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An electricity price model with consideration to load and gas price effects

Min-xiang Huang1, Xiao-hu Tao, Zhen-xiang Han

  • 1College of Electrical Engineering, Zhejiang University,Hangzhou 310027,China. huangmx@zju.edu.cn

Related Concept Videos

Maximum Power Flow and Line Loadability01:23

Maximum Power Flow and Line Loadability

The maximum power flow for lossy transmission lines is derived using ABCD parameters in phasor form. These parameters create a matrix relationship between the sending-end and receiving-end voltages and currents, allowing the determination of the receiving-end current. This relationship facilitates calculating the complex power delivered to the receiving end, from which real and reactive power components are derived.
Line Loss01:10

Line Loss

The different configurations of source-load connections include wye (star) and delta connections. The relationship between line and phase voltages and currents varies depending on the configuration. When the source is supplying power, it is transmitted through the wires to the load, and during this transmission, some power is absorbed by the wires, leading to line loss.
Line loss impacts power delivery efficiency in a balanced three-phase circuit. The symmetry in such a circuit simplifies the...
Power Factor01:11

Power Factor

The power factor is defined as the ratio of average (or active) power to apparent power, as illustrated by the relation
Reducing Line Loss01:18

Reducing Line Loss

In a three-phase circuit, line loss is an indicator of energy dissipated as heat due to the resistance of transmission lines. To address this, incorporating transformers into the system—a step-up transformer at the source and a step-down transformer at the load—is a strategic solution. Two three-phase transformers are introduced to improve this.
With a step-up transformer at the source, the voltage is increased, thereby reducing the current in the transmission lines since power loss in...
Electrical Energy01:10

Electrical Energy

Using electric appliances for a longer period of time consumes more electrical energy and results in a higher electric bill. The energy produced by the transfer of electrons from one point to another is known as electrical energy. If power is delivered at a constant rate, the electrical energy can be defined as the product of power used by the device for a period of time. The energy unit on electric bills is the kilowatt-hour, where one kilowatt-hour is equivalent to 3.6 × 106 joules. The...
The Power Flow Problem and Solution01:26

The Power Flow Problem and Solution

Power flow problem analysis is fundamental for determining real and reactive power flows in network components, such as transmission lines, transformers, and loads. The power system's single-line diagram provides data on the bus, transmission line, and transformer. Each bus k in the system is characterized by four key variables: voltage magnitude Vk​, phase angle δk​, real power Pk​, and reactive power Qk​. Two of these four variables are inputs, while the power flow program computes the...