Minimizing balancing market congestion re-dispatch costs by optimal placement of FACTS devices

M. Zeraatzade, I. Kockar, Y.H. Song

Research output: Contribution to conferencePaper

8 Citations (Scopus)

Abstract

The paper proposes a method to help evaluate how optimal placement of FACTS devices, and in particular thyristor controlled phase shifter transformers, can reduce costs associated with congestion re-dispatch in a balancing market. Balancing market exists in markets in which most of the trading is done via decentralized bilateral contracts. In these markets only final adjustments necessary to ensure secure system operation is carried out at a centralized balancing market. Each market player can participate in the balancing market by submitting offers and bids to increase and decrease its initially submitted active generation output. The proposed technique is based on mixed integer linear programming, so that a power system network is represented by a simplified DC power flow. Market participants' offers and bids are also represented by linear models. Results show that applications of FACTS devices can significantly reduce costs of congestion re-dispatch.

Conference

ConferencePower Tech 2007
CountrySwitzerland
CityLausanne
Period1/07/075/07/07
Internet address

Fingerprint

Costs
Phase shifters
Thyristors
Linear programming
Flexible AC transmission systems

Keywords

  • flexible AC transmission systems
  • power markets
  • integer programming
  • linear programming

Cite this

Zeraatzade, M., Kockar, I., & Song, Y. H. (2007). Minimizing balancing market congestion re-dispatch costs by optimal placement of FACTS devices. 873-878. Paper presented at Power Tech 2007, Lausanne, Switzerland. https://doi.org/10.1109/PCT.2007.4538430
Zeraatzade, M. ; Kockar, I. ; Song, Y.H. / Minimizing balancing market congestion re-dispatch costs by optimal placement of FACTS devices. Paper presented at Power Tech 2007, Lausanne, Switzerland.6 p.
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Zeraatzade, M, Kockar, I & Song, YH 2007, 'Minimizing balancing market congestion re-dispatch costs by optimal placement of FACTS devices' Paper presented at Power Tech 2007, Lausanne, Switzerland, 1/07/07 - 5/07/07, pp. 873-878. https://doi.org/10.1109/PCT.2007.4538430

Minimizing balancing market congestion re-dispatch costs by optimal placement of FACTS devices. / Zeraatzade, M.; Kockar, I.; Song, Y.H.

2007. 873-878 Paper presented at Power Tech 2007, Lausanne, Switzerland.

Research output: Contribution to conferencePaper

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AB - The paper proposes a method to help evaluate how optimal placement of FACTS devices, and in particular thyristor controlled phase shifter transformers, can reduce costs associated with congestion re-dispatch in a balancing market. Balancing market exists in markets in which most of the trading is done via decentralized bilateral contracts. In these markets only final adjustments necessary to ensure secure system operation is carried out at a centralized balancing market. Each market player can participate in the balancing market by submitting offers and bids to increase and decrease its initially submitted active generation output. The proposed technique is based on mixed integer linear programming, so that a power system network is represented by a simplified DC power flow. Market participants' offers and bids are also represented by linear models. Results show that applications of FACTS devices can significantly reduce costs of congestion re-dispatch.

KW - flexible AC transmission systems

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