Referenced Items are not available for this document.
Transmission pricing has been an important issue in the ongoing debate about power system restructuring and deregulation. The purpose of pricing is to recover cost of transmission, and encourage efficient use and investment. This paper utilizes location based pricing concepts and has suggested a nonlinear programming problem formulation to determine real and reactive power prices, with an objective to maximize the net social welfare within the system constraints. The paper also demonstrates the ability of FACTS devices to reduce the overall operating cost and their impact on transmission pricing. Two types of FACTS devices have been considered viz. static VAr compensator (SVC) and thyristor controlled series compensator (TCSC). The concepts introduced in the paper have been investigated on a modified IEEE 14-bus system
Date of Conference: 2000
- Page(s):
- 642 - 648
- Meeting Date :
- 04 Apr 2000-07 Apr 2000
- Print ISBN:
- 0-7803-5902-X
- INSPEC Accession Number:
- 6709299
- Conference Location :
- London
- Digital Object Identifier :
- 10.1109/DRPT.2000.855741
- Product Type:
- Conference Publications
About IEEE Xplore | Contact | Help | Terms of Use | Nondiscrimination Policy | Site Map | Privacy & Opting Out of Cookies
A not-for-profit organization, IEEE is the world's largest professional association for the advancement of technology.
© Copyright 2013 IEEE - All rights reserved. Use of this web site signifies your agreement to the terms and conditions.
