Appendix F: Setting of market clearing price (MCP) in Microgrid power scenario
This section proposes and analyses a pricing mechanism for Microgrid energy in the competitive electricity market where the Microgrid CC is made to participate in the bidding process to settle the market cleaning price (MCP). Two important market settlement techniques, day-ahead and real-time, are considered with the marketing strategies for renewable distributed generator (DGs), viz. PV and wind generation. The main idea is to determine the MCP for the dispatch by an aggregate of different types of DGs to an aggregate of different types of consumers. These consumers are categorised as sheddable loads and uninterruptible loads.
Appendix F: Setting of market clearing price (MCP) in Microgrid power scenario, Page 1 of 2
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