FACTS in deregulated market scenario

Author

Panigrahi, C.K. ; Chattopadhyay, P.K. ; Chakrabarti, R.N.

Author_Institution

Dept. of Electr. Eng., Jadavpur Univ., Kolkatta

fYear

2005

fDate

11-15 July 2005

Firstpage

267

Lastpage

271

Abstract

The restructuring of the electric power industry has involved paradigm shifts in the real time control activities of the power grids. Optimal power flow (OPF) is the most significant technique for obtaining minimum cost generation patterns in a power system with existing transmission and operational constraints. Flexible AC transmission system (FACTS) devices have the ability to allow power systems to operate in a more flexible, secure, economic, and sophisticated way and to minimize line congestion. The objective of paper is to develop OPF solution incorporating FACTS devices in deregulated power market

Keywords

costing; flexible AC transmission systems; load flow; power markets; power transmission economics; FACTS devices; deregulated power market; electric power industry; flexible AC transmission system devices; minimum cost generation patterns; operational constraints; optimal power flow; power grids; transmission constraints; Cost function; Electrical equipment industry; Flexible AC transmission systems; Industrial control; Load flow; Power generation; Power generation economics; Power grids; Power system economics; Power systems;

fLanguage

English

Publisher

ieee

Conference_Titel

Power Engineering Society Inaugural Conference and Exposition in Africa, 2005 IEEE

Conference_Location

Durban

Print_ISBN

0-7803-9326-0

Type

conf

DOI

10.1109/PESAFR.2005.1611826

Filename

1611826