By Topic

FACTS devices ownership in restructured electricity markets

Sign In

Cookies must be enabled to login.After enabling cookies , please use refresh or reload or ctrl+f5 on the browser for the login options.

Formats Non-Member Member
$31 $13
Learn how you can qualify for the best price for this item!
Become an IEEE Member or Subscribe to
IEEE Xplore for exclusive pricing!
close button

puzzle piece

IEEE membership options for an individual and IEEE Xplore subscriptions for an organization offer the most affordable access to essential journal articles, conference papers, standards, eBooks, and eLearning courses.

Learn more about:

IEEE membership

IEEE Xplore subscriptions

3 Author(s)
Keshmiri, S.N. ; Dept. of Electr. & Comput. Eng., Tennessee Tech Univ., Cookeville, TN, USA ; Jamehbozorg, A. ; Radman, G.

At this time, the restructuring of power system is going to pass the early stages and become a well-known concept. However, it is impossible to say that supplying electricity is perfect now. There are still many works undergoing to increase the efficiency and functionality of restructured electricity markets. In this paper, a new concept for electricity markets has been proposed. This new concept is FDO which stands for FACTS Devices Owner. In this paper it has been tried to introduce this new participant and clarify some of its duties. Removing the Transmission Owner market power by increasing the line capacity, optimum unit commitment by distributing the generation, less emission by using units with lower emission and renewable energies which directly affects on social health and welfare, are some of the benefits that come along with FDOs. In the case study part, the FDO has been implemented on an assumed market with two areas and four Generation Companies and it is shown that introducing FDO to the market is a useful action toward full free competition vision.

Published in:

Southeastcon, 2011 Proceedings of IEEE

Date of Conference:

17-20 March 2011