Optimal allocation of transmission rights in systems with FACTS devices

Author

Wang, X. ; Song, Y.H. ; Lu, Q. ; Sun, Y.-Z.

Author_Institution

ALSTOM ESCA Corp., Bellevue, WA, USA

Volume

149

Issue

3

fYear

2002

fDate

5/1/2002 12:00:00 AM

Firstpage

359

Lastpage

366

Abstract

Financial transmission rights (FTR) is a market-based approach to transmission congestion management, which is essentially based on the locational marginal pricing (LMP) theory. FTR auction is an important method of allocating transmission capabilities to the market participants who value them most. A DC power flow model is applied to the FTR auction. To improve the result and the revenue of the FTR auction, two types of series FACTS devices are modelled as additional power injection at buses in the presented linear optimisation problem of FTR auction. Some new special treatments have been done on the TCSC operating limits to keep the auction problem linear. The impacts of controlling different FACTS devices on auction results are shown by detailed studies of an eight-bus test system and the IEEE 30-bus test system

Keywords

control system analysis computing; control system synthesis; flexible AC transmission systems; load flow control; optimal control; power system analysis computing; power transmission control; power transmission economics; DC power flow model; FACTS devices; IEEE 30-bus test system; computer simulation; electricity market participants; financial transmission rights; linear optimisation problem; locational marginal pricing; power injection; transmission congestion management; transmission rights allocation optimisation;

fLanguage

English

Journal_Title

Generation, Transmission and Distribution, IEE Proceedings-

Publisher

iet

ISSN

1350-2360

Type

jour

DOI

10.1049/ip-gtd:20020075

Filename

1007439