1. Introduction

1.1. Introduction

2. LMP (locational marginal price) and pricing structure

2.1. Download slides

2.2. LMP interpretation

2.3. LMP and SMP (system marginal price)

2.4. LMP and the decentralized market

2.5. LMP and the retail price

2.6. LMPs and electricity trading

3. The 3-bus system

3.1. Download the slides

3.2. Input data in Python

3.3. Reading the solution in Python

3.4. Sensitivity analysis

3.5. Congestion cost

3.6. GAMS implementation & code download

3.7. Python code download 3.8. Congestion cost. Python versus GAMS.

4. The five-bus system

4.1. Description of the system and download slides

4.2. Python implementation and download code

4.3. GAMS implementation and download code

5. The 24-bus system

5.1. Description of the system and download slides

5.2. Python implementation and download code

5.3. GAMS implementation and download code

6. Conclusions

6.1. Conclusions