Paper Title
An Overview Of Transmission Pricing Methods In A Pool Based Power Market

In a restructured power market, it is necessary to develop an appropriate pricing scheme that can provide the useful economic information to market participants, such as generation, transmission companies and customers. Proper pricing method is needed for transmission network to ensure reliability and secure operation of power system. Accurately estimating and allocating the transmission cost in the transmission pricing scheme still remains challenging task. This paper gives an overview of different costs incurred in transmission transaction, types of transmission transactions and the transmission pricing methodologies. Transmission pricing methods such as Embedded and Incremental cost methods are explained. It mainly focused on determining the embedded transmission cost by various methods and tested all the methods on IEEE14 bus system, New England39 bus system and Indian75 bus power system and then illustrated the results.