Abstract

<p>Congestion management (CM) in the deregulated power systems is germane and of central importance to the power industry. In this paper, an optimal power flow (OPF) based CM approach is proposed whose objective is to minimize the absolute MW of rescheduling. The proposed optimization problem is solved with the objectives of total generation cost minimization and the total congestion cost minimization. In the centralized market clearing model, the sellers (i.e., the competitive generators) submit their incremental and decremental bid prices in a real-time balancing market. These can then be incorporated in the OPF problem to yield the incremental/ decremental change in the generator outputs. In the bilateral market model, every transaction contract will include a compensation price that the buyer-seller pair is willing to accept for its transaction to be curtailed. The modeling of bilateral transactions are equivalent to the modifying the power injections at seller and buyer buses. The proposed CM approach is solved by using the evolutionary based Enhanced Genetic Algorithms (EGA). IEEE 30 bus system is considered to show the effectiveness of proposed CM approach.</p>

Full Text
Paper version not known

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 call

Disclaimer: 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.