Power Tracing In A Competitive Electricity Market

One of the major concerns that were raised in competitive electricity market is pricing of electricity. A good allocation of prices between both generator and demand would induce the participation of both generator and demand in the market. This is where power tracing plays an important role. The power that flow into the transmission line and how it is being distributed can be trace by using
appropriate algorithm. Thus the losses that happen during a transaction will be known and it will be useful in order to create a fair situation.