Abstract
The objective of this paper is to explore a better curve fitting technique that can improve the power flow accuracy of the piecewise linear loss modelling in the DC optimal power flow (DCOPF) calculation. The refinement of the DCOPF model is carried out in view of a power market that employs the locational marginal pricing principle for market clearing, performs multiple settlements and issues financial transmission rights. The piecewise linear loss modelling exhibits a typical advantage over the conventional purely linearised loss modelling in terms of the risk hedging capability of financial transmission rights. Unlike the available piecewise linear loss models with static parameters, the static curve fitting technique proposed in this paper evaluates loss parameters by means of some weighted error minimisation based upon a binary classification of the line loading level. Detailed mathematical procedure is developed to obtain the solution of the proposed curve fitting optimisation problem. The power flow accuracies of different linear and piecewise linear loss models that are suitable for the specified market framework are assessed and compared. Extensive case studies are performed on a 118-bus, a 1354-bus, and a 2383-bus systems to justify the merit of the proposed piecewise linear loss modelling technique.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
