Economic Analysis of a Deregulated Power System Using the Proportional Tracing Method

Continuing trend towards deregulation and unbundling of transmission services has resulted in the need to measure the flow of power primarily for pricing and tariff purposes. Tracing methodology hence had been introduced to overcome problems related to the Marginal pricing of transmission costs. This study is twofold: the first revolves around the validation of the method and a 3600 analysis of the proportional method which leads to a redefined power tracing method; the second is to further refine the proposed prediction method in [1] by establishing trends of the learning coefficients, using them to examine the relationship between accuracy and number of samples taken.