Abstract
AbstractFor the last few decades, the power sector has been restructuring throughout the world, and because of this, congestion is bound to take place in the network. Congestion can lead to market failure, violate transmission capability limits and high electricity prices, and end up threatening the power systems’ reliability and security. Increased congestion may also lead to unexpected price differences in power markets leading to market power. In a deregulated power market (DPM), the independent system operator (ISO)’s fundamental challenge is to preserve the power market’s reliability and safety by improving market efficiency when the network is congested. Therefore, congestion management (CM) is essential in DPM and is the key to the power system. This paper carries out a congestion management methods survey to bring together all recent publications in the DPM. It aims to help readers summarize progressive CM methods, along with traditional CM methods that have been discussed so far. In this paper, we have carried out a comparative survey of the various well-known CM methods.
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