Economic Benefit Comparison between Series FACTS Device Installation and New Transmission Line Investment in the Deregulated Power System using Probabilistic Method

Author

Attaviriyanupap, Pathom ; Yokoyama, Akihiko

Author_Institution

Dept. of Electr. & Electron. Eng., Tokyo Inst. of Technol.

fYear

2006

fDate

11-15 June 2006

Firstpage

1

Lastpage

7

Abstract

Economic benefit of installing a static synchronous series compensator (SSSC) has been evaluated and compared to that of adding a new transmission line for the modified IEEJ East standard model system. The equipment availability and load variations are included probabilistically, and the evaluation has been made in terms of the energy generation bid cost in the deregulated spot market and the investment cost For the model system, the evaluation has favored the installation of a SSSC compared with adding a new transmission line. SSSC applications to other systems can be evaluated similarly

Keywords

flexible AC transmission systems; installation; power markets; power transmission economics; power transmission lines; probability; static VAr compensators; IEEJ East standard model system; SSSC; deregulated power system; probabilistic method; series FACTS device installation; static synchronous series compensator; transmission line investment; Costs; Environmental economics; Investments; Load flow; Power generation; Power generation economics; Power system economics; Power system modeling; Power systems; Power transmission lines; Deregulation; Electricity market; FACTS devices; Power system; Probabilistic method; Static Synchronous Series Compensator; Transmission system;

fLanguage

English

Publisher

ieee

Conference_Titel

Probabilistic Methods Applied to Power Systems, 2006. PMAPS 2006. International Conference on

Conference_Location

Stockholm

Print_ISBN

978-91-7178-585-5

Type

conf

DOI

10.1109/PMAPS.2006.360331

Filename

4202343