Locating and parameters setting of TCSC for congestion management in deregulated electricity market

One of the major operating challenges in the electricity markets is to manage transmission system congestion to ensure its secure operation. This paper has mainly addressed the issue of congestion management utilizing Thyristor Controlled Series Capacitor (TCSC). Proper location of a FACTS controller is key to maximize its benefits. This paper presents an LMP based method for locating TCSC, as well as set its parameters, with static point of view in deregulated electricity markets in order to reduce generation cost and manage congestion. The modeling of TCSC is based on power injection method. In order to verify and validate the effectiveness of the proposed method, it was applied to IEEE 14-bus and IEEE 30-bus test systems.