Title :
Maximization of social welfare by optimal allocation of UPFC with wind power generator in deregulated electricity market
Author :
Dawn, Subhojit ; Tiwari, P.K.
Author_Institution :
Dept. of Electr. Eng., Nat. Inst. of Technol., Silchar, India
Abstract :
This paper presents an optimization approach to finding the optimal location and best parameter setting of Unified Power Flow Controller (UPFC) in a double auction competitive power market. The optimization approach has been used for maximizing the social welfare(SW) along with minimization of generation cost & investment cost of UPFC in the power system which are connected with wind generators (WG). The Nodal Pricing (NP) has been also improved by proper placement of UPFC by proposed approach. The impact of UPFC in the system voltage has also been observed. The effectiveness of the proposed approach for optimal placement of UPFC has been analyzed on modified IEEE 14-bus system.
Keywords :
electricity supply industry deregulation; load flow control; optimisation; power markets; pricing; wind power; UPFC; deregulated electricity market; double auction competitive power market; modified IEEE 14-bus system; nodal pricing; optimal allocation; optimization approach; social welfare maximization; unified power flow controller; wind power generator; Integrated circuits; Load flow; MATLAB; Reactive power; DISCOs; Double auction competitive power market; GENCOs; ISO; Nodal Pricing; Optimal allocation; Pool market; Social Welfare; UPFC;
Conference_Titel :
Advanced Communication Control and Computing Technologies (ICACCCT), 2014 International Conference on
Conference_Location :
Ramanathapuram
Print_ISBN :
978-1-4799-3913-8
DOI :
10.1109/ICACCCT.2014.7019454
