Title :
FACTS in deregulated market scenario
Author :
Panigrahi, C.K. ; Chattopadhyay, P.K. ; Chakrabarti, R.N.
Author_Institution :
Dept. of Electr. Eng., Jadavpur Univ., Kolkatta
Abstract :
The restructuring of the electric power industry has involved paradigm shifts in the real time control activities of the power grids. Optimal power flow (OPF) is the most significant technique for obtaining minimum cost generation patterns in a power system with existing transmission and operational constraints. Flexible AC transmission system (FACTS) devices have the ability to allow power systems to operate in a more flexible, secure, economic, and sophisticated way and to minimize line congestion. The objective of paper is to develop OPF solution incorporating FACTS devices in deregulated power market
Keywords :
costing; flexible AC transmission systems; load flow; power markets; power transmission economics; FACTS devices; deregulated power market; electric power industry; flexible AC transmission system devices; minimum cost generation patterns; operational constraints; optimal power flow; power grids; transmission constraints; Cost function; Electrical equipment industry; Flexible AC transmission systems; Industrial control; Load flow; Power generation; Power generation economics; Power grids; Power system economics; Power systems;
Conference_Titel :
Power Engineering Society Inaugural Conference and Exposition in Africa, 2005 IEEE
Conference_Location :
Durban
Print_ISBN :
0-7803-9326-0
DOI :
10.1109/PESAFR.2005.1611826
