Abstract
Financial transmission rights (FTR) auction is an important method for allocating the network transmission capabilities to the market participants who value them most. In this letter, series flexible AC transmission systems (FACTS) devices are modeled as additional power injection at buses in the presented linear optimization problem of FTR auction, which is based on a DC power flow model. The impacts of controlling different FACTS devices on auction results are shown by detailed studies of an eight-bus test system.
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