Statements (46)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
Electricity pricing mechanism
|
| gptkbp:abbreviation |
gptkb:LMP
|
| gptkbp:affects |
consumer costs
generator revenues transmission investment signals |
| gptkbp:basisFor |
day-ahead market
real-time market congestion revenue rights financial transmission rights |
| gptkbp:component |
congestion price
energy price loss price |
| gptkbp:contrastsWith |
zonal pricing
|
| gptkbp:dependsOn |
transmission constraints
generation costs system losses |
| gptkbp:enables |
congestion management
efficient dispatch of generation loss allocation transparent price signals |
| gptkbp:form |
optimal power flow
|
| https://www.w3.org/2000/01/rdf-schema#label |
Locational Marginal Pricing
|
| gptkbp:implementedIn |
gptkb:Midcontinent_ISO
gptkb:ISO_New_England gptkb:PJM_Interconnection gptkb:New_York_ISO gptkb:California_ISO |
| gptkbp:introducedIn |
late 1990s
|
| gptkbp:originatedIn |
gptkb:United_States
|
| gptkbp:publishedBy |
system operators
|
| gptkbp:purpose |
reflects marginal cost of delivering electricity at a specific location
|
| gptkbp:regulates |
spot market prices
|
| gptkbp:relatedTo |
electricity market design
market clearing price nodal pricing |
| gptkbp:subjectOf |
academic research
regulatory policy market monitoring |
| gptkbp:updated |
hourly
every 5 minutes |
| gptkbp:usedBy |
gptkb:Independent_System_Operators
gptkb:Regional_Transmission_Organizations |
| gptkbp:usedIn |
wholesale electricity markets
electricity markets |
| gptkbp:bfsParent |
gptkb:Spot_Pricing_of_Electricity
|
| gptkbp:bfsLayer |
7
|