Title :
FACTS devices in deregulated electric power systems: a review
Author :
Kazemi, A. ; Andami, H.
Author_Institution :
Iran Univ. of Sci. & Technol., Tehran, Iran
Abstract :
The changing nature of the electricity supply industry is introducing many new subjects into power system operation related to trading in a deregulated, competitive market. Commercial pressures on obtaining greater returns from existing assets suggests an increasingly important role for dynamic network management using FACTS devices and energy storage as an important resource in generation, transmission, distribution and customer service. This paper presents the influences of FACTS devices on deregulated electric power systems and their technical and economical benefits.
Keywords :
flexible AC transmission systems; power markets; power transmission economics; FACTS devices; competitive market; deregulated electric power systems; dynamic network management; electricity supply industry; energy storage; power system operation; Asset management; Electricity supply industry; Electricity supply industry deregulation; Energy management; Energy storage; Industrial power systems; Load management; Power system dynamics; Power system management; Resource management;
Conference_Titel :
Electric Utility Deregulation, Restructuring and Power Technologies, 2004. (DRPT 2004). Proceedings of the 2004 IEEE International Conference on
Print_ISBN :
0-7803-8237-4
DOI :
10.1109/DRPT.2004.1338518
