Author :
Xing Wang ; Song, Yong ; Lu, Qianxi ; Sun, Y.Z.
Author_Institution :
Inst. of Power Syst., Brunel Univ., China
Abstract :
Financial transmission rights (FTR) auction is an important method for allocating the network transmission capabilities to the market participants who value them most. In this letter, series flexible AC transmission systems (FACTS) devices are modeled as additional power injection at buses in the presented linear optimization problem of FTR auction, which is based on a DC power flow model. The impacts of controlling different FACTS devices on auction results are shown by detailed studies of an eight-bus test system.
Keywords :
electricity supply industry; flexible AC transmission systems; linear programming; load flow; power transmission economics; DC power flow model; FACTS devices control; bus power injection; congestion management; eight-bus test system; electricity markets; financial transmission rights auction; flexible AC transmission systems; linear optimization problem; network transmission capabilities; series FACTS devices; transmission congestion contracts; Asia; Cities and towns; Electronic mail; Energy management; Engineering management; Financial management; Lakes; Power engineering and energy; Power system harmonics; USA Councils;
Journal_Title :
Power Engineering Review, IEEE
