Title :
Economics of FACTS integration into the liberalised European power system
Author :
L´Abbate, A. ; Fulli, G. ; Handschin, E.
Author_Institution :
Inst. for Energy, Petten
Abstract :
In spite of a large bibliography available concerning FACTS (flexible AC transmission system) analysis and implementation, a very limited amount of contributions in open literature investigate the economics of these devices. The present paper focuses on the economic implications deriving from the enhancement of transmission transfer capacity by utilizing FACTS devices in liberalised power systems. Particularly, attention has been paid to the UPFC (unified power flow controller), which has been modelled in an original way for DC load flow studies and inserted in an optimisation algorithm for market solving. Test cases in a European regional power market are also presented.
Keywords :
flexible AC transmission systems; load flow control; optimisation; power markets; power transmission economics; DC load flow; European regional power market; FACTS integration economics; flexible AC transmission system; liberalised European power system; optimisation algorithm; transmission transfer capacity; unified power flow controller; Bibliographies; Flexible AC transmission systems; Load flow; Load flow analysis; Power generation economics; Power markets; Power system analysis computing; Power system economics; Power system modeling; Testing; DC network model; FACTS; UPFC; analysis of investments; cost-benefit analysis; load flow control; optimal power flow; power injection model; transmission planning;
Conference_Titel :
Power Tech, 2007 IEEE Lausanne
Conference_Location :
Lausanne
Print_ISBN :
978-1-4244-2189-3
Electronic_ISBN :
978-1-4244-2190-9
DOI :
10.1109/PCT.2007.4538432
