A Distributed Utility With A Closed-Loop Price Signal For FACTS Devices

Challenges in operating the power system and electricity markets arise from the ongoing industry restructuring and deregulation efforts as well as from opportunities presented by new technologies. In response to an increased presence of distributed energy resources (DER) throughout the system, the power system will required new technologies and operating strategies to maintain system reliability and allow the distributed resources to participate fully in competitive markets. This presentation discusses the use of the proposed closed loop price signal for FACTS devices and DER that will aid in allowing the transmission and distribution system to actively support the integration of distributed resources into the short term competitive electricity markets. Simulation results demonstrate the participation of these devices in electricity markets