Multicriteria optimal location of TCPAR in a competitive energy market using ELECTRE III

The paper considers the available alternatives of locating the thyristor-controlled phase angle regulator (TCPAR) in a deregulated power system. The problem of selecting the best location of TCPAR in the dispatch process of the competitive market is treated as a multicriteria decision-making process, which is solved using ELECTRE III method, which is a multicriteria decision-aid approach. The candidate locations of TCPAR are the alternatives which will be evaluated based on some proposed performance measures that suit outcomes of a competitive market dispatch process. The outcomes are conflicting, with possibility of having different importance factors.