Please use this identifier to cite or link to this item: http://arks.princeton.edu/ark:/88435/dsp010p096927c
 Title: Incorporating Shift Factor Approximations into the SMART-ISO Calculation of Real-Time LMPs Authors: Ranka, Medha Advisors: Simao, Hugo Department: Operations Research and Financial Engineering Class Year: 2015 Abstract: This thesis examines the effects of allowing variability in PJM’s AC power flow distribution. Currently, the SMART-ISO simulator of PENSA models the PJM wholesale electricity market operation with a few approximations. The purpose of this thesis is to improve the simulated environment by incorporating shift factor parameters that measure flexible changes in the AC power flow in order to calculate more realistic estimates of the real-time LMP values. Adding these perturbations to the previously inflexible flows in the SMART-ISO simulator resulted in prices proved to be more similar and aligned with PJM’s historical data. This is especially true in the seasonal months that have higher fluctuations in their real-time LMPs. Extent: 58 pages URI: http://arks.princeton.edu/ark:/88435/dsp010p096927c Type of Material: Princeton University Senior Theses Language: en_US Appears in Collections: Operations Research and Financial Engineering, 2000-2016

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