Analysis of Power Tracing Methods and Comparison of Transmission Pricing Methods of Deregulated Power System

In this present era, a fair transmission pricing scheme is an important issue due to increased deregulation and restructuring of power sector. In this view, issue of tracing the flow of electricity has been gain importance as its solution helps in evaluating a fair and transparent tariff. A power tracing method would make it possible to charge the generators and consumers on the basis of actual transmission used. The several approaches for transmission cost allocation in a centralized pool based electricity market environment that includes composite embedded/marginal transmission pricing mechanisms. Eight transmission pricing schemes and three tracing methods are being evaluated and applied on Garver’s 6-bussystem and on IEEE 24-bus reliability test system to illustrate the different results derived among the pricing schemes for each tracing method or among tracing methods for each pricing scheme.