Abstract
Power generation with load optimization is an extremely important process for better planning and successful operation of the electrical power system especially in the present scenario of deregulated electricity market conditions. To increase the generation share of renewable energy resources with existing supply system, it is imperative needed that the system should not suffer problems due to congestion, voltage stability, and security. This paper presents load balancing by minimization and optimization of variety of loads when applied to pool and hybrid market designs with the application of flexible alternative current transmission system (FACTS) devices for congestion mitigation with high penetration of wind power into the existing power generation systems. Designing and comparison of multiple FACTS devices like SSSC, STATCOM, UPFC, and IPFC have been done for optimal power flow with congestion derogation so as to ensure system voltage stability within the limits. The impact of FACTS devices for high level of wind penetration with (Load index) Sensitivity Factor is also implemented for load optimization using optimal power flow to increase power flow with congestion mitigation for the wind-integrated system.
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