Efficient and optimal approach for location and parameter setting of multiple unified power flow controllers for a deregulated power sector

Author

Tiwari, P.K. ; Sood, Yog Raj

Author_Institution

Dept. of Electr. Eng., Nat. Inst. of Technol. (N.I.T.), Hamirpur, India

Volume

6

Issue

10

fYear

2012

fDate

10/1/2012 12:00:00 AM

Firstpage

958

Lastpage

967

Abstract

This study presents an efficient approach to optimal allocation of unified power flow controller (UPFC) in a pool and bilateral power market. The optimisation technique has been used with an objective to maximising social welfare (SW) by suitable location, number and rating of the UPFC in power system working under a deregulated environment. The proposed method accurately evaluates SW by determining locational marginal pricing based on the marginal cost theory. The impact of the UPFC on system real power losses has also been investigated. The effectiveness of the proposed optimal technique has been tested on the 39-bus New England system with addition of four bilateral transactions.

Keywords

load flow control; optimal control; power markets; power transmission economics; pricing; 39-bus New England system; SW; UPFC; bilateral power market; bilateral transactions; deregulated power sector; location setting; locational marginal pricing; marginal cost theory; multiple unified power flow controllers; optimal allocation approach; optimisation technique; parameter setting; pool power market; power system; social welfare; system real power losses;

fLanguage

English

Journal_Title

Generation, Transmission & Distribution, IET

Publisher

iet

ISSN

1751-8687

Type

jour

DOI

10.1049/iet-gtd.2011.0722

Filename

6320864