Economic constrained transfer capability assessment

Following the deregulation of electric power utilities around the globe, it has been widely acknowledged that quantifying power system transfer capability is of increasingly importance in today´s large-scale and interconnected power system operation and planning procedures. This paper introduces a novel framework to evaluate transfer capability incorporating electricity market dispatching considerations, which we termed it as economic constrained transfer capability (ETC) problem. A mathematical model of a multi-objective optimization (MOOP) approach is presented to solve this ETC problem. The proposed methodology has been tested on a classical 3-machine 9-bus system and the IEEE 30-bus system. Preliminary simulation results from several case studies are presented with relevant analyses and discussions.