• Sarang Bhonde
• Smita V Kalmegh
• Ashish A Duchakke,
• Sachin S Jalit,
• Dr. S. B. Warkad

Abstract- Over the last decade, electric markets have been significantly restructured throughout the world. Under it, electricity nodal pricing has emerged a powerful and efficient tool of transmission pricing. It also emerged as one of the key elements of a competitive electricity market. The enactment of the Electricity Act 2003 has opened the door for wholesale electricity market in the Indian electricity sector. The success of Transmission Open Access (TOA) regulation in India needs to reconfirm the required infrastructure and appropriate pricing policy to promote competition in this sector. This paper aims at (1) the transmission pricing issues in general and nodal pricing in particular, (2) optimal nodal price formulation, (3) its’ implementation over IEEE-30 Bus and real transmission network of Maharashtra State Electricity Transmission Company Limited (MSETCL) and (4) to assess the impact of generation and transmission investment on the nodal prices. Paper concludes that nodal pricing is easy to implement over real network and effective in achieving transmission pricing objectives.

Electricity market, Transmission, Optimal power flow, Nodal pricing.

"Electricity Nodal Prices using AC-DC Optimal Power Flow", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.11, Issue 1, page no.d253-d259, January-2024, Available :http://www.jetir.org/papers/JETIR2401330.pdf

"Electricity Nodal Prices using AC-DC Optimal Power Flow", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.11, Issue 1, page no. ppd253-d259, January-2024, Available at : http://www.jetir.org/papers/JETIR2401330.pdf