AN ALGORITHM TO ADDRESS A LOCATION MARGINAL PRICING
PROBLEM IN SMART GRIDS
Anurag Panwar, Sriram Chellappan
Department of Computer Science
Missouri University of Science
and Technology
Rolla, Missouri 65401
Email: ap337@mst.edu, chellaps@mst.edu
ABSTRACT
Smartgrid is one of the very important topic in production and distribution industry of
electricity. Various algorithms has been proposed to solve the location marginal pricing
problem in smart grids. Technically, location marginal pricing is a voluntary, bid-based,
security-constrained, economic dispatch market that determines energy and
transmission congestion prices at specific points based on marginal generation costs. In
this paper, we are proposing algorithm to deal with the LMP problem in smart grids. It is
efficient in running time and giving good results.