Pricing methodologies for congestion management in a deregulated electricity market: A bibliographical survey

Abstract

Exhaustive research has been done for addressing the problems arising out of unbundling and restructuring of power market. The prime objective of every research was oriented towards managing the congestion in transmission corridors as well as providing cost effective production to utilities and low tariff energy to the end consumers. The key factors involved in the pricing of energy identified till now are network security, reliability, transmission losses allocation, technical, and social issues. This bibliographical survey was an attempt towards summarizing the recognized works and publications oriented towards pricing of electricity market. The purpose of this survey was to collect information from the previous literatures to help those, currently, working towards establishing a novel pricing scheme.

Keywords: Congestion, Deregulation, Power market, Pricing, Restructuring, Unbundling