Locating series FACTS devices for congestion management in deregulated electricity markets

Acharya, Naresh and Mithulananthan, N. (2007) Locating series FACTS devices for congestion management in deregulated electricity markets. Electric Power Systems Research, 77 3-4: 352-360. doi:10.1016/j.epsr.2006.03.016


Author Acharya, Naresh
Mithulananthan, N.
Title Locating series FACTS devices for congestion management in deregulated electricity markets
Journal name Electric Power Systems Research   Check publisher's open access policy
ISSN 0378-7796
Publication date 2007-03-01
Sub-type Article (original research)
DOI 10.1016/j.epsr.2006.03.016
Volume 77
Issue 3-4
Start page 352
End page 360
Total pages 9
Place of publication Lausanne, Switzerland
Publisher Elsevier Sequoia
Language eng
Subject 09 Engineering
0906 Electrical and Electronic Engineering
Abstract This paper proposes two new methodologies for the placement of series FACTS devices in deregulated electricity market to reduce congestion. Similar to sensitivity factor based method, the proposed methods form a priority list that reduces the solution space. The proposed methodologies are based on the use of LMP differences and congestion rent, respectively. The methods are computationally efficient, since LMPs are the by-product of a security constrained OPF and congestion rent is a function of LMP difference and power flows. The proposed methodologies are tested and validated for locating TCSC in IEEE 14-, IEEE 30- and IEEE 57-bus test systems. Results obtained with the proposed methods are compared with that of the sensitivity method and with exhaustive OPF solutions. The overall objective of FACTS device placement can be either to minimize the total congestion rent or to maximize the social welfare. Results show that the proposed methods are capable of finding the best location for TCSC installation, that suite both objectives.
Keyword Congestion rent
LMP
OPF
TCSC
Systems
Allocation
Q-Index Code C1

Document type: Journal Article
Sub-type: Article (original research)
Collections: Excellence in Research Australia (ERA) - Collection
School of Information Technology and Electrical Engineering Publications
 
Versions
Version Filter Type
Citation counts: TR Web of Science Citation Count  Cited 7 times in Thomson Reuters Web of Science Article | Citations
Scopus Citation Count Cited 115 times in Scopus Article | Citations
Google Scholar Search Google Scholar
Created: Fri, 27 Nov 2009, 00:30:46 EST