Impact of Data Quality on Real-Time Locational Marginal Price
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Publication:6238380
arXiv1212.6662MaRDI QIDQ6238380FDOQ6238380
Authors: Liyan Jia, Jinsub Kim, Robert J. Thomas, Lang Tong 
Publication date: 29 December 2012
Abstract: The problem of characterizing impacts of data quality on real-time locational marginal price (LMP) is considered. Because the real-time LMP is computed from the estimated network topology and system state, bad data that cause errors in topology processing and state estimation affect real-time LMP. It is shown that the power system state space is partitioned into price regions of convex polytopes. Under different bad data models, the worst case impacts of bad data on real-time LMP are analyzed. Numerical simulations are used to illustrate worst case performance for IEEE-14 and IEEE-118 networks.
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