LMP Overview

This online course provides an overview of locational marginal pricing (LMP) and its related concepts. Topics of discussion will include the definition and components of LMP, how LMP is calculated an used within PJM. In addition, simple examples explaining LMP concepts further will be reviewed within this presentation.

Course Details

MOC Generation Dispatcher
Load Serving Entities/Electric Distribution Co.
  • Definition of LMP
  • 5-bus Examples
  • LMP Verification & Posting Process
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